Sometimes we aren’t able to buy low and sell high.  Sometimes we buy high and have to ride it out. In the meantime, the assessor legally adds 2% to the assessed value of your property because of inflation, even though the market value has declined.  You can file an appeal under Proposition 8, for Temporary Declines in Value.  This allows relief for one year, though oftentimes you will file for several years, until the property rebounds and the market value exceeds the assessed value.   Let us handle these appeals.  We will file every year to make sure you pay the lowest property tax allowed.

We succeed in these cases by finding comparable sales that are less than the assessed value of the subject property.  Additionally, we research market rents and expenses and capitalize the operating income to reconcile this income method of valuation to the sales comparison method.