Detrich

5am at the cerritos mall again? yah, sure no problem.

zZz...zZz...zZzZz

<ding ding ding ding ding ding>

SMASH! <crumble>

zZzZz...ZzZzZz...zZz...zZzZz

lol

FastRX8

I believe the word is 'reassessed', but your version is much funnier.
That "Reassessment" is actually a scam. The county does not charge residents to re-assess their property. Don't fall for the junk mail that gets sent to home owners. I got the same letter, and it even looks official.

What you're looking for falls under Prop #8 (Prop 8 - Review Due to Decline in Value Facts)
You can apply to have your house reassessed. The letter you got, is a group that charges you $100 to fill this out for you. I'll only charge you $50. (See, you're already saving money)
http://www.co.san-bernardino.ca.us/assessor/Decline.asp


FYI - The only time your property value is important is when you want to sell or refi.
If I remember correctly, you got a pretty good loan, and a refi wouldn't improve it, so unless you're looking to sell, home value means nothing. In 10 years when you house is worth 50-75% more than you paid, today's value won't matter.

kwescott

Loren, Casey just re***ed his house. There is some paperwork and some work involved....but very manageable and definetly nothing that is a brain buster.

I beleive he siad that he wrote a letter to the city asking for a new tax, and he had to indicate what he thought his property was now worth, with proof as to that price (examples of similar homes selling in the area, etc.).

I would have no reason to do this with mine...as it is most likely valued much higher than what we bought for.

lesper4

iTrader: (3)

but arent property taxes assesed by your home value? you pay those every year so there could be savings?

rglbegl

Funny . . .I got a buddy runnin comps for people at $50-100.

You just fill out the paperwork and send in the comps, then they come verify the houses existance and lower your taxes owed


Now for someone who spent $500,000 or more on their house, and lives in a heavy taxed area, this could be good. But for a small change, you wouldn't notice the difference financially for a long time. (but if you keep it, it is lower taxes forever)

FastRX8

Yes, but the county does not assess every home every year. You can fill out the form in the link I posted.

kwescott

Loren, they assign property taxes based on the value that you bought the home for....and they are able to raise these taxes by a set amount each year (what is it, up to 2%?).

I bought my home at 235k....and that is what I pay taxes on. The house is worth more than that, but I am still paying on what the house was worth at the time I bought it, as that was market price at the time. They continue to raise my taxes to try and adjust my taxes for what my property is actually worth now.

Now in the case of the other scenario, the one where you, Cesar and Casey are. You all bought at the peak, bought homes at market value (at the time) and are paying taxes on that amount......but your homes are not at that same value, so you are overpaying on taxes.

You can have a reassessment done, to get your taxes and home value aligned...so they are equal. The county can then increase your tax each year based on this new amount....and not what you are currently paying.

It would make no sense for me to have them reassess my property taxes...as I would have to pay significantly more than I am right now....

...and as Cesar said, house value means nothing unless you are a seller or buyer. We're staying put for quite some time. No need to even think about moving, except to get out of the fricken wind.

kwescott

In your case, maybe....in mine, definately not. I would owe more than what I am paying now.

rglbegl

Simple answer - YES, at the date of purchase, or when it was last assessed


Think about granny who has been livin in the same house she bought back when it was $23,000


Now the cool part is you can transfer your tax fees 1 time. So if you move within the state, you can keep the same tax amount you are paying on that $23,000 house. (riverside county excluded, don't ask)

This is what allows granny to move. Because living on a fixed income, there is a HUGE difference between 1.1% of that $23,000($253) compared to 2.3% of $400,000 if she moved. ($9200)

kwescott

in Jakes example.....2.3% 235,000 is $5404...where as if they actually taxed me on market value of my house now....lets say 400,000 ($9200). I'll stick with my 5400 thanks.

kwescott

Loren and I tried to guess what month seven stock would be in....we even came up with our own little logo for it. But, if memory serves me right, I think we guess October or November....I don't have my calendar in front of me now so I can't refer back to it.
oh well....it was a guess.

rglbegl

I will still have my RX by SS XI


1. Beagle

speeddemon32

seeeee..... Beagle DIDNT trade in or sell his car.

Jedi54

iTrader: (7)

back in september in hopes of avoiding rain.

rglbegl

But the rain made it more interesting.

How else are you supposed to get the people inside to listen to all the speaches and siminars they were having. Heck, when it was sunny at SS9, I didn't even know there was an inside. So look at how much more I got to experience because of the rain

lesper4

iTrader: (3)

http://news.yahoo.com/s/afp/20080415...y_080415214429
This sounds kind of amonious...they are correcting a kid but what abotu total death? and how is a little sattile supposed to change the directory of a killer comet?

kwescott

amonious?
sattile?

lesper4

iTrader: (3)

where is captain spell check when you need him...and you missed the easiest one "abotu".
satellite and ammonias ?

rglbegl

So work was sucking today and I get home. Steph bought me Gran Turismo 5. Gotta love that

Detrich

more importantly...

where is tom brady? he's been awful quiet these days.

lesper4

iTrader: (3)

prologue that is?

scremn8

i left work at 3.30pm. i start at 6.30am and i generally go home at 5.00pm

kwescott

Ominous?

Ammonia is that smelling stuff that gives me a headache.

kwescott

RX Z88M.....will it sell today? Keep your fingers crossed that the family calls back and says that they have their loan and are ready to go. It has been over a week now and they are still "trying to finalize a loan".

Doesn't sound good to me. I have a couple others waiting in the wings, I may just give them the ok to come look at the car at least.

Detrich

<crosses fingers>