Skip to main content
  1. Life
  2. Neighborhoods
  3. Real Estate & Construction

California Tax Proposition 8 may lower your tax base

See also

If you want to receive future articles, please click on SUBSCRIBE

Proposition 8, in California, allows homeowners of condo’s and single family residences to apply for a lower tax rate.
When many properties in California lost value and were over-assessed, Proposition 8 was passed to help out. Homeowners just need to complete a claim form from the assessors’ office, “Decline In Value Reassessment” application.

Based on comparable sales, your property will be re-assessed and perhaps generate a lower level of taxes. Any property owner can submit an informal assessment review form, and an appraisal is not required. However, you can greatly improve the chances of accurate valuation, speed the process, and help avoid the complex appeal process, if you also provide a comprehensive Real Estate Appraisal performed by a California State Licensed/Certified Real Estate Appraiser.

That tax base will last until the State decides to change it.

Visit me on Facebook at Realtors Required Reading.



  • Tom Petty
    Seven overlooked videos that prove the genius of Tom Petty and the Heartbreakers
    Today's Buzz
  • Gaylord Pickens
    Discover Gaylord-Pickens Oklahoma Heritage Museum dollar days
    6 Photos
  • Yoga poses
    Learn how to strengthen your core muscles with these yoga poses
    5 Photos
  • Baby boomer STD rates
    Sexually transmitted diseases: Baby boomers booming STD rates
    7 Photos
  • Open relationships
    Are you thinking about exercising your option to be in an open relationship?
    5 Photos
  • Medical symptoms
    See which symptoms should cause you to seek a doctor’s attention right away
    6 Photos