Real Estate/Development
Dec. 2, 2011
How to permanently reduce your property taxes
Change of ownership is the trick to permanently lowering your property tax bill. By Bernard J. Vogel III of Silicon Valley Law Group
Commercial and residential property owners can take advantage of the current decline in real estate valuations to reduce property taxes and realize substantial long-term savings. Recently reduced assessments may have shown lower tax bills, but this is a temporary reduction. Property taxes will jump back up as soon as the real estate market rebounds. The only way property owners can make this lower assessment permanently is by triggering a ...
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