Riverside Realtor Blog - Alma Dizon

Alma shares her experiences and observations as a Realtor in Riverside California.

Thursday, October 25, 2007

San Bernardino Tax Relief: Fires and Declining Value

San Bernardino County will be reassessing residential properties that have lost significant value. This will be a little help to those who've had fire damage in recent days. They're also offering tax relief for items such as boats, planes, and business personal property. There's none for home furnishings as these aren't taxable. IVAR has a page with info and links to county sites at:


http://www.ivaor.com/sbtaxrelief.pdf

Once a home is rebuilt, it will be reassessed at where it was when the damage occurred unless additions are made. Such additions will be assessed at full-market value.

For homeowners who haven't had any damage, they should see if they can have their properties reassessed due to lower home sales in the neighborhood. The form to fill out can be found at:

http://www.sbcounty.gov/assessor/documents/arp068.pdf

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home