How To Reduce Your Property Taxes

Did you know that if your property value has dropped since you purchased your home you may be eligible to reduce your property taxes? Between January 1 – April 1 each year, homeowners may submit an informal assessment review in Orange County.  While the Assessor claims to be proactive, reviewing property assessments and lowering taxes on thousands of homes each year, it is still an excellent idea for homeowners to be proactive and request a review. It’s east to do this, here’s how: -Go to www.ocgov.com/assessor and click on "Forms"-Look for the one page assessment review form.-Fill in the property information. At this step you will be asked to include several comparable sales for the neighborhood. We can help you with this – call or email us today with your property address: 714-540-7355 or info@torellirealty.com. The County Assessor will contact each homeowner to present and discuss their findings. Homeowners who are unhappy with the Assessors proposal, can file a request for a formal review between July 2 and Sept 15. Then they will have an opportunity to present their case in person to the Assessor.