Has your property value declined below the property tax assessed value? If you bought in 2005 or 2006, there is a chance that the value may now be lower than what you paid. Thanks to Proposition 13, our property taxes are based on the market value (usually, but not necessarily the sale price) at the time ...
Now that the first half of the year is over, it is time to take a look at where prices really are. DataQuick regularly publishes their statistics comparing this year to last, but they look at it a little differently than I do. My information comes from the SoCalMLS, so my numbers don't include the private sale ...