Los Angeles County Assessor Rick Auerbach announced that property owners can find out if their home or condominium is one of the approximately 500,000 properties involved in a decline in value review, which could lead to lower property taxes without needing to file any forms.
Logging on to the Assessor’s website at www.assessor.lacounty.gov and entering an address or Assessor Identification Number (AIN) will show whether a single-family home or condo is part of the review which includes properties purchased primarily between July 1, 2003 and June 30, 2008. In some particularly hard hit areas of the county, the review will include properties purchased as far back as 2000.
There is no charge for this review and no forms to file. Owners of property included in the review will be notified of the results by mail before the end of July.