Historically, housing prices have always in general gone in an upward direction over the long run. However, the local real estate market does not undergo steady year-to-year appreciation. There are peaks and valleys - over a string of years, there are times when the market is hot, then stable and followed by slow (declining values).
Due to Proposition 13 which is based on the cash value of the property at the time of sale, homeowners who bought at the "top of the market" are often overpaying in property taxes when the real estate market slows and housing values decline over a number of years. Unfortunately, when challenging a tax assessment, most people do so without any real knowledge or support other than maybe pulling some sales information from the internet. More often than not, the assessor's office will not even consider this type of information.
This is where Cal Pacific Appraisal Companycan help you. When you hire us for property tax protest service, you are commissioning an independent third-party professional to provide an unbiased opinion of value on your home. Although we are unable to guarantee the outcome of your appeal, an appraisal completed by a state-certified real estate appraiser would be a step in the right direction in any dispute with your local tax assessor. If you are correct in believing that your property has been overvalued, an independent report such as ours will be THE MOST persuasive evidence you can use to argue your tax bill.