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by john, Donlon Elementary School,
on Aug 12, 2009
Try this: Web Link
Kathleen sent you the correct link but it is not automatic and you will need to be diligent and make sure not only that you make the request for the reassessment on line but also by calling. I had it done on two homes and there is a lag of about 6 months but it is well worth it. Good luck
thanx much Both
It is not automatic. You have to apply for this with the tax assessors office. You can download the form at the alameda County tax assessor website. Be sure to read all of the information before you apply. And please note this reduction, if granted, is TEMPORARY. The information required to apply is the price of the last three properties sold in the immediate neighborhood. You can obtain this information through your local realtor as they have access to this information from the local MLS service, there is a place on the form for your realtor to fill in & sign. There is also a video on the website that provides instruction & information.
be a little careful here as you do not need a realtor and a realtor does not need to sign off on anything. Banks, mortgage companies, and the county tax assessors do not use realtors but rather use www.zillow.com as the source of valuation.
Be careful in using Zillow.com or Trulia.com since they are so inaccurate.
Your best sources are information from actual sales in the close area(pref 1 mile)that match your home(has to have closed by Jan 1st) and you could get that from a realtor or if you have access to this data (recent sales) from a different internet source than you can do an independent study yourself.
Call the tax assessor for more detailed information.
I was reassessed with an independent review by the Assessor this year.
It was a considerably lower assessment too ! I guess homes in my area
hove really gone down in value? Or this was a random thing but I'm grateful nevertheless.
We got a lowered assessment, and we agree with it. The assessor's website says ... we don't have to do anything if we agree with the assessment. So, I am confused when Einstein says it is not automatic and we have to request a tax reduction ...
Having lived in Pleasanton for many years, I still have an interest there. The county assessor has done its own reassessments to reduce values, but they tend to be on the high side. While they may use zillow, their figures can be disputed by the homeowner and the homeowner can use figures from the Multiple Listing Service (more accurate) that is provided by a real estate agent. The best is an independent appraisal, but that has a cost to it. Depending on how much time you have to appeal a decision, it could be cost effecive to do so. I am a tax attorney and have been involved in a number of reassessment matters. (Not a solicitation, since I am not in P-Town anymore).
Just to point out, we were told that the tax assessor requires comps for sales during January - March of this year; to adjust the current basis; not the most recent three months. We just had our house appraised, and now we are going back to when we refinanaced, as we need it back from January. I would not use Zillow; go to redfin.com; at bottom they give you three valuations (including zillows), obviously for tax purposes use the lowest one, and see which homes they used to value; most will be sales early in the year which you will need.
I did mine at the beginning of this year or about February. I did one in San Juaquin county and one in Contra Costa County. I had to specifically request the one be done in San Juaquin both in writing and via the phone. Contra Costa was much easier as I just did it on line. The countries have no motivation to do it as they just lose tax revenue. The upside for the homeowner is that even if things turn around in the economy the highest it can go is back to the original amount plus a little bit annually as long as the home appreciates in value.
We were planning to request a reassessment. The Alameda tax assessors' office was very courteous and helpful with information once I was forwarded to the right contact.
Before we acted on this, we received an automatic re-appraisal dated July 24th. The appraisal is based on prices as of Jan. 1st. The letter stated that any "market declines in calendar year 2009 will be addressed for the January 1, 2010 valuation".
There are two ways to contact with questions: Call (510) 272 3787 or go in person to their office at 1221 Oak St, Rm 145, Oakland, CA 94612. Timing is 8:30am to 5:00pm.
There is a couple of months time to appeal valuations from the time of reassessment. The appraisal was close to what we would have expected for Jan '09, so we decided not to pursue this further.
Hope that helps.
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