If you owe more than your property is worth – and you are going to stay put in the home continuing to make your payments – Let us assist you in getting your property taxes lowered in the Santa Clarita Valley. There is no charge or obligation for this service and we would be happy to help. We are local Santa Clarita Realtors and helping is in our creed!
Combating high property taxes is something people should be aware of in a time when home values have dropped significantly. It can be a puzzling question to many homeowners, if my home value has dropped 25% why have my property taxes not decreased by the same amount? Your property tax bill can be adjusted if you make an effort to challenge it.
The first step is to take a good look at your property tax bill. This year’s assessment and last year’s assessment should be listed, as well as a breakdown of how your taxes are allocated and added up. You should have a good idea of the value of your property and whether or not you have been assessed properly. A good next step is to approach your Assessor’s Office.
What to examine in order tohelp you lower your assessment:
- Living space, is the correct square footage of living space filed with your county?
- What are your home’s flaws? A bad layout or location can make your home less likely to sell but the upshot is that these flaws could work to your advantage as far as its assessed value goes.
- Compare your home to your neighbor’s home and see if your assessments are similar. If you are assessed higher you have cause for adjustment.
- A professional appraisal of your real estate can be helpful as you certainly shouldn’t be paying taxes for more than your home is actually worth.
In some cases a petition may have to be filed to adjust your property’s assessed value and reduce your property tax bill, in other cases the Assessor’s Office can simply take care of it. The most important thing to remember is that the squeaky wheel gets the grease and if you don’t try to lower your property tax it certainly will not decrease on its own.