We can all learn from the past as those valuable history lessons provides us with a solid foundation that builds on a better future. I believe that to be a true statement.
As we move forward into this holiday season I wanted to remind your readers of the property tax savings’ programs that my office has available for qualified recipients. I know this is not exactly an exciting topic and I have shared these with you before in earlier columns but saving money is always a good thing and I believe it’s worth repeating.
As we prepare to give thanks this November on Thanksgiving Day, it’s also important to remember those that have served our great nation in the military and honor their courage and valor this Veterans Day. Veterans Day is a federal holiday and is celebrated this Nov. 11. Veterans Day, as most of you know, is a tribute to military veterans who have served in the U.S. Armed Forces. It’s not to be confused with Memorial Day, which honors those who died while in service. Veterans Day honors all military veterans, including those still with us. As a quick reminder,
Property owners can file an application that may allow for a decrease in their property tax because of a decrease in the value of the very same property. The filing period is July 2 through November 30, 2022.
These very same homeowners are experiencing a huge boost in their home’s value. Yes, small businesses have struggled, many forced to shutter, but the housing market has been booming. The average single family residence has increased 22% over last year in the average home price, cresting at median of about $817,000.
First off, let me say this comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the very tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians, to name just a few. I am constitutionally mandated to close the role by the end of the Fiscal Year on June 30.