Tuesday, July 6, 2010
Please join us for the AIDS WALK SAN DIEGO on Sunday, September 26th in Balboa Park. To register for the walk, just go to:
then click "Join Our Team".
We really look forward to having everyone there!
We will be holding fundraisers at Rubio's in Mission Valley, Del Mar and La Jolla all day on July 31st. All you need to do is bring one of our flyers and present it to the cashier when ordering and 20% of the proceeds with go to the AIDS Walk. Please email Stephanie Nisan at: email@example.com for the flyer!
Wednesday, June 30, 2010
Property tax bills to be less; first time ever
By Jennifer Davies, UNION-TRIBUNE STAFF WRITER
Tuesday, June 29, 2010 at 7:37 p.m.
When you get your property tax bill this year, you might be in for a pleasant surprise — or as pleasant a surprise as you can get when a hefty bill arrives in the mail.
Some 664,000 taxpayers, accounting for almost 68 percent of all properties, will see their bill dip slightly by 0.237 percent. Because of Proposition 13, the maximum amount a property tax bill can go up is 2 percent. That 2 percent number isn’t necessarily pegged to a home’s value, but rather to the California Consumer Price Index, which documents overall cost-of-living increases.
If the index is less than 2 percent, then taxes will only match the rate of increase. Since the price index went down 0.237 percent — the first time in history it has declined — tax bills will fall accordingly.
For instance, a home with the current median home value of $340,000 would be revised down by $805 to $339,195. The tax bill, which typically is around 1 percent of the valuation, would be reduced from $3,400 a year to $3,392. That’s an $8 savings. The County Assessor’s Office also said it had provided temporary reductions to more than 196,000 properties either by proactively reviewing the property or because owners had appealed the current value of their homes.
The Assessor’s office said the number of taxpayers asking for reassessment of their property’s value has declined dramatically. This year there were some 10,000 requests for review — a big decline from the previous year when there were 56,000. In terms of formal appeals, there were 42,600 on the 2008 tax roll. For 2009, the number dropped by about half to 21,588.
Diana Lackey, chief deputy assessor, said because of all the reassessments, her office is encouraging property owners to wait until they receive change in value notices, which are typically sent out in mid-July, because there’s a good chance they may agree with the new, lower valuation.
Overall, the assessed value of all taxable property in San Diego County declined by 1.56 percent, or about $6.2 billion. The total assessed tax roll value for 2010 is $393.68 billion.
Not every city experienced declines in their assessments, however. Del Mar saw its assessed value increase by almost 3.2 percent. Coronado’s assessed value increased by 1.05 percent and Encinitas’ was up just 0.13 percent.
Chula Vista and Imperial Beach both saw declines of more than 3 percent.
Sunday, June 27, 2010
Welcome to The Property Shop Team's blog. Here you will find information all about us and everything you need to know about today's Real Estate market. You can learn more about our team at our website: www.PropertyShopSD.com
We look forward to hearing from you!