Any good hints on how to do a successful "Decline In Value" Reassessment Application Form?

Cheryl
Other/Just Looking
Millbrae, CA

I know comps, pictures, and your opinion of the state of the house and property, but is there anything else that might help? Also, is it possible to divide up the property (in half)? (to get lower taxes.) And last, but not least, how about running a non-profit from home (re:tax lowering)? (eg. charity, church.) Sorry to ask so many questions, but I am considering all options to help.

Answers (1)
Alan Tang
Agent
Millbrae, CA
FIRST ANSWER

Hi Cheryl,

I guess no one really can give you a good answer on that one. Fortunately I just found out an old friend of mine works in the Assessors Office and he's been swamp with all the forms they received. I asked him if there're any hints that the county will lean towards approving the reassessment and this is what he said:

"Hope that you get a sub par appraiser. If all else fails, file an appeal, and hope the office is so backed up that it goes past statute."

I am guessing that's as good an answer as anyone can give regarding the reassessment.

Check with the city regarding subdivision, and check with a tax adviser regarding using your home for a non-profit.

Good luck!

Alan Tang
CRS, GRI, Realtor

Sat Dec 6 2008, 00:03

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