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Should you sign a “tax withdrawal” when appealing your property taxes?

August 17, 2011 By Ryan Lundquist 2 Comments

When appealing your property taxes and you get a form that looks something like the one below, should you sign it? Let me walk you through the decision process.

First off, the official form to fill out to contest your property taxes is called the “Application for Changed Assessment” (not the “Decline in Value” Prop 8 form). This application must be completed by November 30 in many counties surrounding Sacramento (or September 15 in Placer County). After you fill this out, the appeals board will eventually do one of three things: 1) Agree with your opinion of value and ask you to therefore withdraw your appeal; 2) Ask you to agree with a new value they pick and therefore withdraw your appeal; or 3) Set up an appeals hearing to discuss your situation further.

If the Assessor does #1 or #2 above, you’ll get a form that looks something like this.

Should you sign this form? Here is what I tell my clients as well as home owners who contact me. If the Assessor’s new value is pretty close to your listed value (or mine if we worked together), then it probably makes good sense to sign this form. Some home owners get scared of signing something like this, but all you are doing is saying you agree with the Assessor’s new value offer and you will no longer pursue an appeal. For example, the Assessor said the property above was worth $211,758, but after my appeal they offered a new value at $150,000. By signing the document, the new assessed value became $150,000.

Accept or Fight? Keep in mind that every $10,000 in assessed value equals about $125, so if the offered value is fairly close to yours, then it probably isn’t worth the time and energy to contest it any further. Just accept the value and move on. However, if the value is off by multiple tens of thousands or a couple hundred thousand dollars still, then it may be worth staying in the fight by going through with the appeals hearing. Just make sure you have a convincing case. If I did your appeal, I can give you advice about this when the time comes (or if you hired me to represent you at the hearing anyway, don’t even worry about this because I have it under control). Even if you didn’t hire me, give me a call and I’ll help where I can.

Do you have any questions? I hope this was helpful.

If you have any questions, or real estate appraisal or property tax appeal needs in the Greater Sacramento Region, contact Lundquist Appraisal by phone 916-595-3735, email, Facebook or subscribe to posts by email.

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Filed Under: Property Taxes, Resources Tagged With: "Decline in Value" Prop 8 form, advice for property taxes, Application for Changed Assessment, appraisal service in Sacramento, deadline to dsipute property taxes, Lundquist Appraisal Company, Placer County Property Taxes, property tax consultant in Sacramento, property tax tip, Real Estate Appraiser in Sacramento, Sacramento County Property Taxes, Saramento Tax Appeals, should you sign the tax withdrawl form, tax changed withdrawal form

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  1. Client’s property taxes lowered by $190,000 | Sacramento Appraisal Blog | Real Estate Appraiser says:
    March 8, 2012 at 4:23 PM

    […] The image above is a snippet of the ”Tax Change Withdrawal” form in Sacramento County. These forms sometimes leave home owners confused because […]

    Reply
  2. What to do when a “Notice of Hearing” comes in the mail regarding your property taxes | Sacramento Appraisal Blog | Real Estate Appraiser says:
    January 10, 2013 at 3:27 PM

    […] in savings). But I now have another call into the Assessor’s office because the ”Tax Withdrawal Form“ I am trying to fax keeps bouncing back from the Assessor’s fax machine. By the way, […]

    Reply

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