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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (367308)	1/18/2008 1:09:45 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1572089

Well, yours couldn't go down unless the assessed value dropped below your taxed value, no? You had me worried there.

To: Road Walker who wrote (367308)	1/18/2008 2:09:40 PM
From: tejek	Read Replies (1) \| Respond to of 1572089

It weird... I read about it but I'm not sure exactly how it applies in all cases. But if you have lived in your house for a long time and your value goes down... as in my case, I know your taxes don't go down in fact I think they still go up the full 3% allowed under SOH. I don't think that's right. CA originated this BS Prop. 13 regarding property taxes, and even there, you have to lower taxes if the tax rate remains the same but the assessment goes down. They would be asking for serious trouble/lawsuits if they kept raising your taxes as the assessed valuation went down. The way CA gets around it or rather Los Angeles....they only re-asseess every three years. Most times that works.....by the time they get around to re-assessing, housing values are going back up. However, it didn't work in the early 90s when values went down 4-6 years in a row.