Proposition 8

What is it and how will it help save you money by lowering your property taxes?

In 1978, California voters passed Proposition 8, a constitutional amendment to Proposition 13 that allows a temporary reduction in assessed value when property suffers a "decline in value."

The county assessor uses the purchase price to determine a property’s assessed value and calculates how much property tax to charge the owner.

A decline in value occurs when the current market value of a property drops below the current assessed value.

A reduction is assessed value results in lower property taxes thus saving the property owner often hundreds, if not thousands, of dollars each year.

Due to recent housing market conditions, virtually everyone that purchased property in California within the past few years can take advantage of Prop 8 and save money by lowering their property taxes.

If you suspect that you are paying more than you have to in property taxes, you should contact Prop8Pros immediately. We are the experts on Prop 8 and we make the process of saving money on your property taxes simple.

Prop8Pros is on your side and we work hard to get you the lowest assessed value thus maximizing your property tax savings.

Choose the best Prop8Pros service that is right for you today by reviewing our Services