Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Property tax relief may be available

 

Last updated 1/31/2008 at Noon



SAN DIEGO — County Assessor Gregory J. Smith wishes to notify property owners that tax relief is available if their property’s market value has fallen below its assessed value.

Your property’s assessed value is shown in the upper right hand corner of your current tax bill. For all practical purposes, this only affects those property owners who purchased their property at the height of the current real estate market.

Under State law, (Proposition 8) a temporary reduction in assessed value can be made when the market value falls below the assessed value. Once reduced, the Assessor’s...



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