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With house values on the decline, you may not be surprised when an official letter arrives at your house with an offer to reassess your property and lower your property taxes -- for a fee. Before you act on it, watch out!
Companies are taking advantage of today's economic situation to send letters, oftentimes looking like a bill, to consumers with this offer. Although they look official, they are not -- these companies are committing consumer fraud. You can easily file your own paperwork, free of charge, with the county assessor's office and request a re-assessment of your property.
If you purchased your home within the last five years, you will probably benefit most from a re-assessment of your property taxes. Make sure you work directly with a legitimate government agency and don't ever accept offers in the mail -- unless they are from your county assessor.Labels: California real estate, property tax, real estate property