Can You Lower Your Annual Property Taxes?

Possibly...

Depending on when you bought your house, your local tax assessor might deem its value as less than what you paid for it, which means you could be paying less in your property taxes next year.

For example, if you bought your house 2 years ago for $500,000 but you're noticing that your neighbors, who have comparable houses, are selling for less than $500,000, you will want to call the tax assessor's office to see what can be done about lowering your property taxes since there is a good chance that your house is worth less than what you paid.

For Monterey Peninsula residents, your tax assessor is Steve Vagnini (831) 784-9537. If you call his office directly, they'll send you the paperwork to see if you qualify.

Good Luck!