my property taxes went up $800 this year. why so much?

Asked by Swabby, 92879 Fri May 25, 2012

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6
Carlene Blair, Agent, Corona, CA
Fri May 25, 2012
Swabby,
The Riverside County tax assessor reassess the value of a property after it is conveyed to a new buyer, within 2 years of purchasing. In the event the reassessed value is higher than what you paid at closing escrow on a new home purchase (which would be based on the sales price), then a supplemental tax bill is sent to you for the difference to be taxed. If you've had your home for a while and the neighborhood was reassessed, especially due to growth and upward pricing, your taxes will increase. To dispute it, you must contact the tax assessor. Owning a home will always have you paying taxes, even when the loan is completed. You must accept that. Besides...your property taxes may be deductable from your income taxes. Check with your tax accountant or attorney.
Carlene Blair
1 vote
Cindy Davis, Agent, San Diego, CA
Sat May 26, 2012
The good news about this is that your home value most likely went up!!
0 votes
Diana Margala, Agent, Rancho Cucamonga, CA
Sat May 26, 2012
The answers that the agents have told you are good general answers. Also if you added to your property by pulling permits then you could have increased the value of your property by your addition, this would also cause your property tax to go up. There could have been an increase due in a bond, or a new bond that was voted in which can also effect your property taxes, but usually not as much as you indicated. You best plan of action is to go to the county assessor and talk to them directly for a better understanding.

Good Luck!

Diana Margala 909-560-0145
Web Reference:  http://www.dianam.com
0 votes
Rich Hernand…, , Corona, CA
Sat May 26, 2012
Probably your property value went up.
If you can show that your property value went down, you can then lower your taxes.
There is a women at the Riverside county hall of records that is very helpful and can assist you in lowering it, or give you other ways of lowering it.
She has been very helpful to me in lowering my customers taxes.
I don't remember her name, but if you go and say you want advice on lowering it, they will have her talk to you. Should take you less than an hour.
0 votes
Steven Ornel…, Agent, Fremont, CA
Fri May 25, 2012
Swabby:

Without more specific details we can only guess at the "why"; however, I think you will find your answer here:

"Estimating Property Taxes in CA"
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/…

-Steve
0 votes
Rich Conley, , Lake Forest, CA
Fri May 25, 2012
Hello Swabby,

Many many reasons this could have happened. The most common occurs after the first year of owning a home. Impound accounts are usually reviewed annually. If it was discovered you were not paying enough, they may have had to adjust.

Additionally, many local government entities have the ability to draw money for projects and they usually find it from property taxes.

Some county assessors may use a three year period for evaluating home prices which can cause a delay in adjusting property taxes.

I have found, on several occassions, the county assessor's office is very helpful with explaining any given situation.

I would start by visiting this website for additional information.

http://www.assessorsoffice.net/countyappraisal.asp?state=Cal…

Have a great day!
Web Reference:  http://www.RichConley.com
0 votes
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