If you bought your property within the last four or five years you may qualify for a reduction of your property taxes under Proposition 8 (Passed, November 1978). In Madera County, the property owner must file the county’s form.

If the assessed value (county taxable amount) of your home is higher than the market value (what your home would sell for in today’s market) then by law your taxes should be lowered by the Assessor’s Office.

To file the Madera County form, call the Assessors Office in Madera at (559) 675-7710 and request their form to be sent to you. You can also obtain their form online (Madera-county.com/assessor/forms.html)

The sooner you file this form the sooner your taxes may be reduced. You should receive a temporary lower tax amount each year until the market comes back. That could be months, or years.

File now.

Kenneth Russell,
Ahwahnee

This entry was posted on Thursday, January 22nd, 2009 at 3:41 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.