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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: techanalyst1 who wrote (13616)	9/11/2003 12:41:02 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Assessors in most counties don't have the time to review valuations in their entire county each year. They go area by area and typically cycle through the entire county over a four or five year period, longer in some counties. Los Angeles County is hard up for revenue so one of the first things they did a few years after the market stopped tanking was specifically review those properties which had obtained roll-backs in Valuation Hearings and bring them back up to par plus the missing 2% increases over that time. I suspect it won't take your Orange County Assessor too much longer to get to you in their area review and bring you back up. The cut-backs in staff in Orange County due to their bankruptcy may have delayed your day of reckoning. If you like, you can email me your address and I'll ask the Orange County Assessor's Office to get to your property right away.