If you purchased a home in 2005 to 2008, and the value has wen donw. You may be eligible for a property tax reassessment under California’s proposition 8 which is a decline in value reassesment. The Chicago Title’s new website, www.CTCProp8.com is a comprehensive souce for Proposition 8 information and forms. It has the following features:

1. Direct links to the County Assessor’s office

2. Direct links to County Reassessment Eligibility Informaiton

3. Direct links to County Reassessment Application Forms

4. Direct link to a Guide to Proposition 8 in the pdf format for informaiotn and rapid reference. I visit it today to figure out how the prop 8 in Santa Clara County works.

This year you will see taxpayers and municipalities across the country facing off over the issue of capping property taxes. The above photo is credit to  http://trends.move.com/property-tax-caps-considered-nationwide/
If you are planning to buy or sell home in Silicon Valley, I offer a free 45 min. consultation by calling (408) 799-8887 to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com
If you or someone you know is thinking of buying or selling property in Santa Clara County ( sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California please contact Grace Keng, REALTOR®.