With the declined market in real estates, property tax assessment can be reviewed and adjusted accordingly. Proposition 8 in 1978 allows property owners to ask county assessors for a re-evaluation of their property value for tax purposes if they believe the market value has fallen.
Here's the Form you can use to fill out yourself, I can help you for FREE with recent sold homes pricing research in your area. Do not fall for scam that advertised to save you money on the property assessment for a fee. According to Santa Clara County Assessor Larry Stone, he said "These folks are very deceptive, there's no reason for anybody to pay for a service that the assessor provides for free."
Please contact me at alan@i2realty.com or at 408-835-7743 if you have any question.
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