If you remember back in April we wrote an article about Getting Reassessed!!!. We talked about how prices of homes were dropping and doesn’t that mean we should be paying less on our taxes. The final answer? Yes!
Our very own, Ryan Mills, sent in his Application for Decline in Value Review and recently received a response from the County Assessor.
The assessor did in fact state that his property value decreased by about $75,000 and also mentioned what his current tax amount would be per year. Long story short, Ryan saved about $1,000 in taxes! It doesn’t seem like a lot compared to the loss in value, but for home-owners that aren’t planning on selling for a while, wouldn’t you like to have some extra cash?
More information can be found at the Ventura County Assessor Website.