Proposition 8 Taxpayer alert. Find current South Bay homes for sale, Realtors®, and current home values in Southern California's South Bay. Find real estate listings with our free home search and South Bay MLS access, open houses, real estate agents, and our South Bay Brokers listings. Our free real estate services feature all South Bay cities and neighborhoods including Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Hollywood Riviera, Hawthorne, Hollyglen, and Palos Verdes.  
 
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Taxpayer Alert

It has recently come to the attention of the LA County Tax Assessor’s office that a private company is doing a mass mailing to property owners offering their services to pursue a reduction in their property taxes. Specifically, they are seeking to file an assessment appeal on the property owner’s behalf. While there is no initial fee charged for the filing of an appeal, if a reduction is granted, this particular company will receive 45% of the amount of the tax savings for the next two years. The Tax Assessor’s office expects other private companies to offer similar services for a fee or a percentage of any tax savings.

Solicitations of this type may not be illegal, but property owners should be aware that the Assessor’s Office provides a simple filing process for a reduction in their property taxes at no charge.

The 2008-09 tax bill shows the taxable value of your property as of January 1, 2009. If you believe this value is more than the fair market value of your property as of January 1, 2009, you can file a Decline-in-Value (Proposition 8) application. The LA County Tax Assessor will review the application and if a reduction is warranted, the taxable value will be reduced without the need to file a formal assessment appeal application.

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