If they did an Assessed Value on your Home for 2008/2009 in CA?

Question

What will your new taxes be? Does it depend on how much less the home is? Say $100K less? What would that drop it??? Thanks!

Answer 1

The assessed value is a different beast than the value assigned by a professional appraiser.

It is highly unlikely that the assessed value of your home for tax purposes will fall, because that would mean that the city/county where you live would have to get by with less tax revenue. Fat chance of that, no matter how you may be suffering.

However, when tax re-assessments occur, they usually raise the value of the property but reduce the tax per thousand of value so that the tax rates appears to fall, while the amount you pay stays roughly the same the first year. After that, you can expect the rate per thousand to increase again.

It's a shell game deftly played by politicans across this great land of ours.

Answer 2

They will be lower for sure........but it's like your making 30.00 an hour and I come in as your boss and tell you your now making 20.00 ........who wants to give it back.....that's the same with oil, gas, these cats get used to the milk in the dish you think they want to give it back............so what I'm saying to you is do the math.......and then talk to the proper people.