Wednesday, 10 October 2007 01:58
The Ups and Downs of Property Values and Taxes
![slide21 slide21](/images/stories/October%2007/10-10/thumbnails/thumb_slide21.png)
And just because you’ve heard reports that the
median home value in the state or county may have declined 15% compared to a
year ago -- that doesn't mean your house declined that much. Depending on
location and type of property, market value for your home may have declined
more, less or not at all. However, if you bought a home, say, two years ago,
you may want to request a reassessment. Rooney says his staff of county
appraisers is actively looking for properties that may be assessed too high,
and he stands ready to lower tax bills on those properties if it’s warranted.
“I see the Assessor’s office as representing the taxpayer, as well as county
government,” says Rooney. Property owners can request an Assessment Review at
any time -- and don’t worry that an inquiry on your home might hike your tax
bill – an inquiry can result in the assessed value going down or staying the
same, unless there’s been unpermitted improvements to the property that might
add to its value. If you’re
curious, you can check your assessed property value on the County’s website –
go to www.co.amador.ca.us
and under department listings, click on the Assessor page and the
assessment inquiry link. You’ll need your parcel number for the search, and
that number can be found on your property tax bill. “I put myself in the taxpayer’s shoes,” says Rooney.
“I don’t want to pay too much tax either!”