California Property Tax Issue.

[jeffreycruz]

I live in Los Angeles County, California. I have recently purchased a home. I am yet to pay the first tax for my property. My real estate agent says that I am liable for a tax of $8000 as per the purchase price of my house. He says that I may be eligible for some type of refund or reduction. Any info would be appreciated.

[niccell]

You ought to seek help from a Property Tax expert who will help you. You can actually get a refund of $1250 every year, now that the property prices are volatile and save. Visit Permanently Lower Your California Property Taxes and buy the Property Tax Little Black Book, which will be your property tax expert and give you a stepwise guidance.

[Tolstoy]

Exemption is allowed under California law (Revenue and Taxation Code Section 218) and when granted will reduce the taxible valuation of your property by at least $5600 each and every year that you own and live in your property. This will reduce your annual tax bill from it's current level.