Here is what you need to do:
1. First off, wait to see what the Sacramento County Assessorâ€™s Office says your home is worth. They should have this data available around May 2009. They are very backed up right now, so I wouldn't be surprised to see if the date got pushed back a little.
2. If you are not satisfied with your property tax assessment, you can contact the Assessor's Office and fill out a â€œDecline-in-Value Reassessment Applicationâ€ between July 1, 2009 and November 30, 2009. There is no fee for this application. Basically, the application asks you to provide two similar properties that have sold in 2009 between January 1 and March 31.
3. If you hear back from the Assessorâ€™s Office and still disagree with their value, you can file an â€œApplication for Changed Assessmentâ€ with the Assessment Appeals Board by November 30, 2009. This application is free and basically asks you to provide evidence for your opinion of value. If you can supply this evidence through your own knowledge and research, thatâ€™s great. If not, this is where you may need to consult with a local and reputable licensed real estate appraiser to deliver what you need.
4. Donâ€™t wait until the end of November to do Step 2 because you may not hear back from the Assessorâ€™s Office until after the November 30th deadline for filing Step 3. For example, if you do Step 2 on November 30, 2009 and you end up disagreeing with the Assessorâ€™s Office value opinion when you hear back from them in 2010, there is nothing more you can do because you did not file an appeal before the November 30th deadline. Of course if you do Step 2 late in the game, you can also do Step 3 at the same time as a safeguard. Ultimately, your best bet is to take care of Step 2 early in the process so that you can hear back from the Assessorâ€™s Office within the filing period and then determine if Step 3 is even necessary.
Please contact me with any questions. I'm happy to help you understand the process or assist you in any way. 95757 is a nice area of Elk Grove.
Ryan Lundquist â€“ Owner/Appraiser
Lundquist Appraisal Company