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    • July 15, 2008

    Lower Property Taxes? What is Proposition 8?

    Category: Real Estate Information, South Bay information – kellyevans – 8:34 am

        prop8.jpg 

     In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a “decline-in-value.” A decline-in-value occurs when the current market value of your property is less than the current assessed value as of January 1.

    For full details please follow the link to the Los Angeles County Office of the Assessor : http://assessor.lacounty.gov/extranet/guides/prop8.aspx

    2 Comments »

    1. […] Original post by Hollywood Riviera & South Bay Real Estate Blog | Hollywood Riviera & South Bay Local… […]

      Pingback by Lower Property Taxes? What is Proposition 8? · Invest-In-Real-Estate.ExplainedOnline.Net — July 15, 2008 @ 8:52 am

    2. […] Original post by Hollywood Riviera & South Bay Real Estate Blog | Hollywood Riviera & South Bay Local… […]

      Pingback by Lower Property Taxes? What is Proposition 8? · Real-Estate.ExplainedOnline.Net — July 15, 2008 @ 8:59 am

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