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deadline to appeal property taxes

Crunching property tax stats for 9 Sacramentans

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I have nine more tax appeals sitting finished on my desk right now. It’s just past midnight and I’m so glad to be wrapping up for the day. But before I call it quits I wanted to take a minute to share some stats with you from these appeals.

  • Assessed value of 9 appeals: $2,855,247
  • Market value of 9 appeals: $2,197,000 (23% lower overall)
  • Largest overassessment percentage: 49% (a condo)
  • Largest overassessment amount: $161,288
  • Total potential savings for home owners this year: $8,228

This last bundle of appeals will be turned in today since November 30 is the deadline for disputing 2011 property taxes in many counties surrounding Sacramento (only for “decline in value” situations though – not all tax scenarios such as calamity reassessment). As the authorized agent for each home owner, I’ll be handling discussion with the Assessment Appeals Board in coming months and then the appeals hearing too if necessary. All things considered, the home owners are very happy and I even received some really encouraging feedback today that I wanted to share with everyone (the owner said it was okay to post). This made my day. Pretty cool, huh?

“Your report goes far beyond anything I could have imagined. As a former VP of Real Estate at a major East Coast bank, I’m very impressed. Add-in your quick turn-around time and initial e-mail response and I couldn’t be more pleased. Thank-you so much.”

What do you think about the stats?

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Facebook, Twitter or subscribe to posts by email.

Why are your property taxes increasing when they should be going down?

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Home owners call me sometimes wondering why their property tax bill has increased over the past few years despite property values clearly declining. Has this ever happened to you? Take the real life situation below as an example. Is it suspect to have a higher tax bill in 2011 than in 2003 since property values clearly having declined in the Sacramento area?

Here’s the deal. If your property is currently assessed for less than true market value, the Assessor can increase your assessed value by 2% per year even if property values are declining (so long as the assessment does not go above the Prop 13 value of course). This can be very frustrating for a home owner, but it’s legitimate in many cases. Keep in mind though that the tax bill includes property taxes, but also direct levies, benefit assessments, and delinquent utilities, which could also be a reason why a tax bill has increased by more than 2%.

On the other hand, sometimes home owners don’t pay attention and this type of normative 2% yearly increase is occurring when in fact there should be a huge decrease due to the downward real estate market. For example, I am working with a Folsom owner who has seen an increase in property taxes over the past three years, yet values in the neighborhood have plummeted to the point where the house is overassessed by $150,000 (yet assessed value is going up each year).

Moral of the story: Pay attention to your property taxes and market value. An increase may or may not be legitimate based on your situation. Know your circumstances and watch closely. If you would like for me to look into your situation to see if there might be a discrepancy between your assessed value and market value, give me a call at 916-595-3735. The deadline to dispute property taxes in Sacramento County is November 30, 2011.

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, Twitter or subscribe to posts by email.

When is the deadline to appeal property taxes in Sacramento County for 2010?

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Property owners ask me this question every year….. often after the deadline has already passed. The last date to dispute your property taxes in Sacramento County and in many surrounding counties is November 30, 2010. This deadline is for a typical “decline in value” reassessment. See the video below or share with friends.

If you have any questions or a need to convince the Assessor’s Office of the true value of your home, contact my property tax appeal company at 916.595.3735 or see www.SacramentoTaxAppeals.com.

Common Questions about Property Taxes in Sacramento County & Beyond

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Home owners and real estate agents ask me property tax questions all the time, so I figured it would be helpful to make a video to answer some of the most common questions. In the video below or HERE I walk you through the calendar year of events and deadlines surrounding reducing your property taxes so you can know what to expect throughout the year. 

Common Questions Covered in the Video: When is the best month to appeal property taxes in Sacramento or another local county? What date does the Assessor base my property value on? Why is it not a good idea to respond to the “reduce your taxes” mailers in February and March? When do new assessed values come out in Sacramento and surrounding counties like Placer? Why does the Assessor have a positive publicity campaign before releasing new assessed values? When is the deadline for disputing property taxes?

Please see www.SacramentoTaxAppeals.com for additional information and let me know if you have any questions. You can use the “Contact” page on the website to let us know about your property so we can do FREE research to determine if there is any potential savings for you on your property tax bill. You may also call 916-595-3735, or email info@SacramentoTaxAppeals.com. Thank you.

Do you have any questions about property tax appeals? In your experience, has your local Assessor valued your property correctly over the years?