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Bought at the top of the market?

Original post made by Carol Blitzer, PAW asst. editor, University South, on Aug 22, 2007

Have any of you been able to lower your taxes after buying at the top of the market? One can apply to the County Assessor for a tax adjustment, but it's temporary. How complicated is it? Is it worth it, in the long run?

We'd like to include a story on what the repercussions are, in our Fall Real Estate Special Section.

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Comments (2)

Posted by neighbor
a resident of Green Acres
on Aug 25, 2007 at 5:51 pm

Where in Palo Alto have prices gone down?

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Posted by Property Values
a resident of Charleston Gardens
on Aug 30, 2007 at 12:04 am

A house in Charleston Gardens just sold this weekend for $200,000 over the asking price. I don't think anyones property values have gone down yet.

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