Sacramento County Property Taxes Fall
Yes, I know I said it somewhere before, but since the Sacramento Bee is reporting it, it bears repeating. Many home owners will see their property taxes decline this year. Taxes are based on assessed value as of January 1, 2007. Since market values have fallen, Proposition 8 requires the government to take falling values into consideration and drop taxes accordingly.
Most people that bought homes in 2005 and 2006 will see a reduction of about 5% to 10% off their property taxes.
This might mean that their monthly payments will go down and if they have an impound account, they might receive an unexpected check in the mail.
You can read the entire SacBee story here.
