Hey San Diego do you Want to Save Money? Try a San Diego Property Tax Appeal.

San Diego could you be saving hundreds of dollars a month with a property tax appeal? 

Many of the people who purchased in the last decade, especially during the peak years of 2003-2008 could reduce their monthly mortgage payment (assuming that taxes and insurance are paid out of an impound account) simply by filling out a sheet of paper. If you don't pay your property taxes out of an impound account you can still save money, it will just be at your twice a year payments of February and November to San Diego County. No need to pay someone to do it, it is easy to do, and we at Gold Star Group would be happy to help.

What if I have already filed 1 property tax appeal?
You can file again. Now that we are seeing property values start to go up, this may be the lowest price you can get your property to be valued at.

How do I appeal my Assessed Value?

The San Diego County Property Tax Appeal form is simple and can be found at San Diego County's Site Property Tax Appeal Form. They ask you the current tax assessment values(can be found on your tax bill) and your proposed assessment value. It is best to provide evidence on the value based on recently sold houses in your neighborhood. Please feel free to Contact Me so I can get you the proper information. Step by Step Guide to filling out the San Diego County Tax Appeal form.

How much can I actually save?
1.25% is the standard amount that you are charged for property taxes in San Diego. If you were to reduce the value of your home by $100,000 that translates to approximately $100/month that you will be saving. Many San Diego homeowners can actually shave hundreds of thousands of dollars from their home value.

After talking with the San Diego County office I did find out some key information.

• They can legally take up to 2 years to complete the appeal, however they will retro act the reduction from the original request time.
• They can chose to change the value each year, so if they reduce your property taxes this year they reserve the right to change them back the next year. Although in my research I haven't seen this done. However it is something you should keep an eye on. If it changes you can request another appeal. 
• You can do more than 1 appeal. So if you did it once, but prices have gone down again you can repeat the process.
• For Fiscal Year 2012-2013 individuals and businesses seeking to appeal their property tax assessments may do so between July 2, 2012 and November 30, 2012

As always please Contact Me with questions, we are always happy to share our Gold Star Service.

About the Author: Rachell Lara is a mother of three and San Diego Native. She is living her passion helping others love their lives by investing in their lives and futures with real estate. She is making the world a better a better place through service, appreciation, love and of course humor.

For those in San Diego trying to keep their home Please CONTACT her directly to consult to see what your best strategy with the bank may be. For those outside of San Diego, she can refer you to great sources in your area.

 For more information about this topic and real estate in general, please visit her www.LaraProperties.com, or at any of these other social media sites.