Revisiting home's value could ease property tax burden; process free, but papers must be filed by May 30.

From: San Diego Business Journal | Date: April 7, 2008| Author: | Copyright information

Concerned that the market value of your property has fallen below the assessed value shown on your property tax bill? If you purchased a residence at the height of the real estate market, you may be eligible for relief.

County Assessor Gregory J. Smith said property owners who think the market value of their properties have fallen below the assessed values, which are printed in the upper right-hand corner of current tax bills, should file an application for review with the Assessor's office no later than May 30.

The application is free and can result in a lower tax bill.

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