Protect Yourself from Property Tax Reassessment with These Tips
Posted by Tyson Lund on
As fellow Californians, The Lund Team understands the concerns expressed by the residents of Carlsbad and the surrounding communities regarding property tax bill increases related to assessments, as well as the need to protect your property against them, when possible. Currently, homeowners in California pay taxes equal to 1.00 -1.25% of the assessed value of their property, at the time of purchase.
Determining the assessed value of the property is the job of the county assessor’s office, who computes the tax amount based on the current market value when ownership changes occur, as well as a yearly inflation-based increase that cannot exceed 2% of the assessed value of the previous year.
Changes Equal Higher Tax Bills
In addition to inflation, tax…
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Live at the top of the world in this handsome estate built in 2012 at 1,070 feet elevation. With 270-degree views of the surrounding mountains and Pacific Ocean, this home is on of the best ocean view lots in Cielo. The property hosts the main residence with 5 bedrooms, 5.5 baths, and loft/bonus room, as well as a detached casita with bedroom and bath.
Red, White, and BOOM! at Legoland, Carlsbad