As I mentioned on my radio show on Monday night, the Sacramento County Tax Assessor is lowering the assessed values of 85,000 homes in Sacramento County via Proposition 8. To read the press release, click here.
Residents should start receing notificiations very soon that their 2008-2009 (issued in October) tax bills will reflect anywhere from a 10-30% reduction. Homes that are assessed via Proposition 13 provisions will not be receiving a reduction.
Sacramento County Drops Assessed Value on 85,000 Homes
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