Proposition 8: Helping California Homeowners Save Money on Property Taxes

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 2 people | Log in to rate

Ranked #9,925 in How-To, #105,493 overall

Proposition 8: Use It Lower Your California Property Taxes

Has your property value fallen below its assessed value? If so, you're probably eligible for property tax relief. Save hundreds, if not thousands, of dollars in property taxes by taking advantage of California's Proposition 8. You're probably overpaying and may be eligible for a substantial rebate. Read on to find out how to claim your money...

What is Prop 8? 

In 1978 California voters passed Proposition 8, a constitutional amendment to Proposition 13 that allows a temporary reduction in assessed value when property suffers a decline in value.

A decline in value occurs when the current market value of a property drops below the current assessed value. A reduction is assessed value results in lower property taxes, thus saving the property owner often hundreds - if not thousands - of dollars each year.

Due to recent housing market conditions, virtually everyone that purchased property in California within the past few years can take advantage of Prop 8 and save money by lowering their property taxes.


Click here now to find out how much you

could save on your property taxes

Example of Possible Tax Savings 

Here's an example:
  • You purchased your home for $500,000 with annual property taxes of approx 1% = $5,000.

  • Recently, a home like yours in your own neighborhood sold for $400,000 (whereby the property taxes at 1% now = $4,000).

  • Thus your potential tax relief/savings is $1,000 per year!
Now do you see why you need to take advantage of Prop 8 and the money this underused and sometimes unknown law can save you? It is your right as a California homeowner.

Go here now for your free evaluation.

How Our Bad Housing Market Can Actually Benefit You 

Who says our declining real estate market isn't benefiting homeowners? My home's value has decreased by ten of thousands already and it's possible, better yet likely, yours has too.

It's an odd down market we're experiencing right now - a complete 180 degree turn from the odd up market housing boom we experienced not too long ago.

Go here to find out what you NEED TO KNOW about the benefits of decreasing home values for California real estate.

California Property Taxes: Good Grief! 

New Guestbook 

submit
Show All

by itiswritten

Hello. My name is Anthony. I am a writer, with interests in sports, fitness, internet marketing and self-help. My newest book, The Sleep Well Guide, r... (more)

Explore related pages

Sugarland Texas Housing Market
Sugarland, Texas is located on the outskirts of Houston, Texas. It is home to th...
Real Estate in Lake Forest, IL
Did you know that 60045 in Lake Forest, Illinois is one of the 100 richest Zip c...
Tools for Spring Texas Real Estate Agents and Brokers
Realtors, Agents, and Brokers in Texas are able to provide the best service to t...
Baldwin Park, CA Real Estate
Baldwin Park dates back 142 years to 1860 when it was a part of the cattle grazi...
What's happening in your real estate market?
Finanzierung
Es gibt viele verschieden Arten von Finanzierungen: Finanzierung von Immobilien...

Related Topics

Create a Lens!