You & your friends can LOWER YOUR PROPERTY TAXES

Did you know that you may qualify to lower your property taxes? Below is (1) an explanation of Proposition 8 (2) a summary in plain language of what it means (3) how to take action if necessary.

In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a decline-in-value. A decline-in-value occurs when the current market value of your property is less than the assessed value as of January 1. The assessed value is the value shown on your most recent property tax bill.

Basically what this means to you or someone you know is this; if you purchased a home between July 2004 and June 2007, then your home will be included in an upcoming Assessor's review to see if the value of your property is less than the assessed value. For example, if you paid $500,000 for your home and it is now worth $450,000 then you would pay taxes on the lower amount.

If you purchased your home before July 2004 you can submit an application to the Los Angeles County Tax Asssesor and request a review to lower your taxes.

I have the application if you or someone you know would like to apply. I will provide you with two comperables that you need to file for tax reduction. Oh, and don't worry, I provide this for free & there's no catch. This is just my way to give back to community.

If you own property other than a single family residence or condo, a Decline-In-Value application will be required for a review by the Assessor’s Office. An application is recommended if you believe the assessed value of the property shown on the 2008-09 tax bill is more than the fair market value as of January 1, 2009.

Call or email me if you have questions! I'm here to help.

My best,


Your Real Estate Consultant for Life


Igor Korosec
Email: BestHollywoodHomes@gmail.com
Phone: 310-499-1305