Collette Lee

Prop 13:

Under proposition 13, real property is reappraised only when a change-in-ownership occurs, or when new construction takes place. Generally, a change in ownership is a sale or transfer property, while new construction is any improvement to property that is not considered normal maintenance. Except for these two instances, property assessments cannot be increased by more than 2% annually.

Prop 8:

Due to the dire market conditions within the County of Riverside, the Assessor's office has begun to review the value of properties purchased within the last year in an effort to determine if value reductions are warranted under Proposition 8.

If you believe the assessed value of your home is greater than its current market value, you may request a review by filling out and returning a Decline-in-Value-Reassessment Application (Prop.8) form. A title company will then review your request and provide written notification regarding their findings.

Riverside County Tax Information

Important Tax Dates:

January 1: Lien date - the time when taxes for the following fiscal year (July 1- June 30) become a lien on property.

February 15: Deadline for filing Veterans, Homeowners, Church, Religious, Welfare Exemptions, Historical Aircraft and other institutional exemptions.

March 15: Deadline for filing Owner's Request for Review of Property Value.

April 1: Deadline for filing Business Personal Property Statements.

April 10: Deadline for payment of second installment of secured property taxes.

July 1: Assessment Roll delivered by the Assessor to the Auditor-Controller.

July 2 - November 30: Period during which the Clerk of the Board accepts petitions for Assessment Appeals Board hearings on the regular roll. (Other filing periods may apply for supplemental assessments and escape assessments.)

August 31: Deadline for payments of unsecured property taxes.

December 10: Deadline for late filing of Homeowners, Veterans and Disabled Veterans Exemptions. Deadline for payment of first installment of secured property taxes.

Tower Realty held its Annual Awards Luncheon at Farafalla's Italian Cucina. "Tower Realty had a great year. We have had tremendous support from our community and we extend our heartfelt thanks," says Broker, Collette Lee. "Our professional agents, and great staff have contributed to our success and the great reputation we have achieved in the community. There are many agents deserving of awards but there is only one outstanding agent of the year. We honor Agent of the Year Brent Lee for most commissions earned as well as units sold. Brent's commitment to excellence is evident in every transaction, every step of the way, whether in his artful negotiations, attention to detail, or his knowledge of Real Estate. His dedication to his clients, attention and sensitivity to their needs make him a true professional, says Margo McDonald, associate Broker.

Brent has been working for Tower Realty for 9 years and selling for 5 years.

Brent holds a degree in Economics and International Relations, which he achieved at the University of San Diego. He currently serves as a commissioner for the City of Riverside, on the Parking, Traffic, and Streets Commission, and is also a member of the International Relations Council. Lee has been a recipient of numerous awards, including the 2004 Tower Realty Spirit award.

Agent Miles Turner received the Tower Realty Spirit Award for 2007. "The Spirit Award that Miles received signifies his overall commitment to the company and recognizes him as being an outstanding team player. Turner has been selling real estate for 4 years. Miles attended Poly High School and is an alumnus of Cal State Fullerton with a degree in Communications. Miles feels it is important to understand the progression of our city so that he can guides his clients accordingly. His enormous amount of dedication and hard work has contributed to his most recent accomplishment.

"Our office is very fortunate to have many excellent Agents, who take pride in their work and provide quality services to their clients, I'd like to honor all of them," Broker Collette Lee stated.

You can reach Brent or Miles by calling 951-369-8002.

Tower Realty honors Collette Lee

as top agent of the month for January 2008

Tower Realty has announced Collette Lee as Agent of the Month for January. Collette Lee, Broker/Owner of Tower Realty has been selling real estate for more than 20 years. "With her enormous amount of dedication and hard work, she has built Tower Realty into a company that is known for its professionalism and integrity," said fellow agent Patti Triplett. These attributes earned Lee's company, Tower Realty, the Small Business of the Year Award from the Greater Riverside Chamber of Commerce in 2005.

Lee has been the recipient of numerous sales-achievement awards over the years and is an alumnus of UCR and California Baptist University, where she earned a Bachelor of Science degree in computer science. She holds her GRI and Certified Relocation Specialist designation. Collette lives in Riverside with her husband, Gary.

You can reach Collette by calling (951) 369-8002 ext. 201, or stop by Tower Realty at 7197 Brockton Avenue, Suite 6 in Riverside.

Since I am a huge supporter of the community, I feel obligated to tell you about a night that should not be missed, "An Evening for the Arts".

This fundraiser is to benefit the art community in Riverside. There are mystery locations for appetizers, a gourmet dinner, and mouth-watering desserts. There will also be a gift auction to help raise money and of course there will be lot of fun!

If you have any questions or need more information please call the Riverside Arts Foundation, (951) 680-1345.