Reassess Your Property Taxes

The slump in Marin County home sales has resulted in an increase of homeowners requesting the County Tax Assessor to reduce their property taxes. Joan Thayer, the County Assessor-Recorder, reported that her office has already received 150 requests this year up from 90 requests in 2006. Thayer says, "the increase in request is a reflection of a sharp drop in local real estate sales and a leveling of Marin home prices. And, the County is required to reduce the tax value of property when it finds instances where declines have occurred."
Thayer also said, "likely candidates would be those homes purchased in the past year or two." For most Marin homeowners, the tax value of their home is far less than the market value.
For property owners that want a review of the tax value of their current property tax bill may contact the Marin County's Assessor-Recorder's office before November 30, 2007 by calling : 415-499-7215

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