Hello San Diego,
With home prices in San Diego ticking up, according to the latest statistics, you mister homeowner, may be counting your blessings. Whew, we held on through the rough patch and now we are on the upswing. And there is even more good news: yes, property values have dropped in the past few years, but you can have your property tax base re-assessed. It is the time of year to submit a request for review of your assessed value. Ernie Dronenburg, the San Diego County Assessor, reminds property owners that the deadline to request a review of your assessed value is April 30, 2012.
This year, the application for an Assessment Review may be submitted online . Click Here . It is a self explanatory form and does not take a lot of knowledge of the law, just an understanding of the current market value of your home. That is where your personal Realtor can assist you. Contact me for a market valuation of your home for your assessment application or for any other real estate questions I can help you with. This is a free service I provide to my “Concierge Clients”, people like you that need real estate questions answered, now.
If you believe your property’s market value as of January 1, 2012 has dropped below its current assessed value, you file an application online to request the Assessor to review your home’s assessment before this year’s bill is issued. To confirm current assessed amount, reference the assessed value on your 2011-2012 tax bill. To those of you that were granted a reduction last year, you need not apply again as it is automatically reviewed. Under State law, (Proposition 8) a temporary reduction in assessed value can be made when the market value, as of January 1, 2012, falls below the assessed value. Once reduced, the Assessor’s Office must then annually review the value of the property until the Proposition 13 value is fully restored (adjusted with the annual CPI, not to exceed 2%). Consequently, a new request for review is not required if your property currently has a temporary reduction under this provision.(qoted from http://arcc.co.san-diego.ca.us )
Ernie Dronenburg, the San Diego County Assessor stated “If you are online challenged and would like the paper version of the application form, you can call our help number at the Assessor’s office (858-505-6262) and a form will be sent to you by mail. However, don’t delay because the filing period closes April 30, 2012.”
If you apply you will be notified of the results of the Assessor’s decision when the annual notices of values are mailed in July. If you disagree with the Assessor’s decision, you can file a formal appeal with the county Assessment Appeals Board. The appeal should be sent to the Clerk of the Assessment Appeals Board, between July 2 and November 30.
Now, go check your assessment!

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