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Is my Pasadena Home being reviewed for a Decline In Value by the Tax Assessor?
Home values in Pasadena California have declined over the last year and a half. We started seeing home price decreases in 2007 and they have continued through 2008, but if you own a home or condo in Pasadena, you still wrote a healthy check to the Los Angeles County Tax Assessor for your bi-annual taxes which were due on April 10th.
I wrote about the tax assessor proactively re-evaluating properties which were purchased between July 1, 2004 and June 30th, 2007. Now, the LA County Tax Assessor has made it even easier to find out if your home property taxes are under review.
If you click on the link below, it will take you to a page where you will be able to enter your home’s property tax identification or AIN number OR type in your Pasadena home address to see if your property’s tax status is under review due to the “decline in value”.
You can also check the status of your application if you submitted one for reassessment by entering your street address or Assessor Identification Number.
You can also see if your property automatically qualifies for a decline-in-value review under either one of the following conditions:
Pasadena home owners of properties other than single-family or condominium (residential-income and commercial/industrial for example) may file a decline-in-value APPLICATION on or before December 31, 2009.
ALSO READ: Property Tax Increases on your Pasadena Home
For more information on the current health of Pasadena’s real estate market, please visit Pasadena Real Estate Housing Reporting and Statistics site.
Posted by: Irina Netchaev
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