Archive for the ‘Great Schools’ Category

San Fernando Valley Homeowners – It’s Time to Lower Your Property Taxes!

July 5, 2011

“Render unto Caesar what’s Caesar’s,” but no more.  It’s that time of the year for San Fernando Valley homeowners to take steps to lower their property tax bills.  The narrow window to file a “2011 Decline-in-Value Review Application” is June 1, 2011 through November 30, 2011 – i.e. right now! The window to file an Appeal with the Los Angeles County Assessment Appeals Board is July 2, 2011 through November 30, 2011.  After November 30, 2011, it will be too late to lower your property tax assessment for the 2011 year.

      

 

It is not news that property values have generally declined in San Fernando Valley, like the rest of California, in the last few years.  It is also not news that California law allows for a temporary reduction in assessed property value when a property suffers a decline-in-value. Los Angeles County Tax Assessor typically claims to review and reassess property values of single family homes in the county, thereby, automatically lowering single family homeowner’s property tax liability without the homeowner having to take any action. 

 

Unfortunately, too many homeowners have discovered that the “automatic reassessment” done by the Los Angeles Tax Assessor really does not adequately lower the homeowner’s property value to its true present value.  As such, homeowners who do not take proactive steps to appeal the Country’s “automatic assessment” find themselves paying significantly more taxes than they should be paying.

 

If you own a multi-residential property, commercial or industrial property, the county assessor does not automatically reassess your property value despite declining property values.  Owners of multi-residential property, commercial or industrial property must take proactive steps to file the necessary 2011 Decline-in-Value Review Application and/or Appeal immediately, but no later than November 30, 2011.  It is also strongly recommended that owners of single family homes should review their 2011 property tax assessment and take necessary steps to get their property values lowered to its true current value.

 

The process of lowering your property value and tax assessment is relatively easy. Obtain a “2011 Decline-in-Value Review Application” and/or an “Application for Changed Assessment 2011/12” from www.LACounty.gov or CLICK HERE.  Obtain two comparable sales for your property that sold between January 1, 2011 and March 1, 2011.  To find out What’s Your Home is Worth Today, CLICK HERE.  Complete the Application(s), attach the two comparables, and mail to Los Angeles County Assessor at the address provided in the forms.

 

On the average, in Los Angeles County, your property tax liability is determined by multiplying your current property value by 0.0125.  Thus, if you purchased your property for $500,000 in 2007, your property tax for 2007 would have been $500,000 multiplied by 0.0125 which is $6,250.  However, based on current trend of declining property values, if your current property value has declined to $350,000 as of 2011, your current property tax liability should be $4,375 which would entitle you to a property tax reduction close to a $2000. 

 

Yes, we must render to Caesar/L.A. County Assessor what belongs to them, but there is no reason to pay more than you owe!  Take prompt steps now to reduce your property tax liability.

 

To find out What’s Your Home is Worth Today, CLICK HERE.

OTHER USEFUL LINKS:                              

What’s My Home Worth Today  CLICK HERE
Search MLS – All Homes CLICK HERE
Get $1000 at Close of Escrow with Bogun Realty & Luxury Homes towards Your Closing Costs CLICK HERE
Best Home Deals in Woodland Hills CLICK HERE
Bargain Luxury Homes in Woodland Hills, Hidden Hills, Calabasas, Bell Canyon CLICK HERE
Foreclosures + Bank-Owned Homes in Woodland Hills CLICK HERE
Short Sale Homes in Woodland Hills CLICK HERE
Fixer-Upper + Bargain Homes in Woodland Hills CLICK HERE
Best Home Deals in Encino CLICK HERE
Foreclosures + Bank-Owned Homes in Encino CLICK HERE
Short Sale Homes in Encino CLICK HERE
Fixer-Upper + Bargain Homes in Encino CLICK HERE
Bargain Luxury Homes in Encino CLICK HERE
Best Home Deals in Calabasas CLICK HERE
Foreclosures + Bank-Owned Homes in Calabasas CLICK HERE
Short Sale Homes in Calabasas CLICK HERE
Fixer-Upper + Bargain Homes in Calabasas CLICK HERE
Best Home Deals in Studio City CLICK HERE
Foreclosures + Bank-Owned Homes in Studio City CLICK HERE
Short Sale Homes in Studio City CLICK HERE
Fixer-Upper + Bargain Homes in Studio City CLICK HERE
Bargain Luxury Homes in Studio City CLICK HERE
Seller Financed, Owner-Will-Carry, Lease-Option Homes CLICK HERE
Fast-Track Short-Sales are Available to Home-Sellers in Distress – APPLY HERE! CLICK HERE
FOR SELLERS CLICK HERE
FOR BUYERS CLICK HERE
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Testimonials – The Good Kind of Gossip CLICK HERE
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Don’t Pay Another Cent in Rent to Your Landlord Before You Read This FREE Report CLICK HERE
27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar CLICK HERE
11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale CLICK HERE
Avoid These Costly Home-seller Mistakes When You Sell Your Home CLICK HERE

Bandele Oguntomilade is the broker and owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com or call 818-825-6996.

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Valley Homes with the Best Schools Are Right Here in Woodland Hills

May 21, 2011

You’ve found your dream home: it’s beautiful, spacious, just your taste in architecture, it has almost every amenity on your checklist, and a great location.  But let’s face it, if you have kids, none of that will matter if your new home is not located within access to good schools.

Fortunately, some of the best schools in the Los Angeles Unified School District are right here in the hills—Woodland Hills, that is. From Elementary up to the University level, the Woodland Hills community offers a high quality of education.  According to greatschools.org, Woodland Hills Elementary ranked a 10 on their scale, which is based on such factors as test scores, parent reviews, and after-school programs.  Middle schools in the community are also ranked above average. Woodland Hills offers access to two high schools, El Camino and Taft, which are noted for superior quality of education.

 

A great school district can only be enhanced by its library, and the Woodland Hills branch of the LA Public Library system is not only newer, but offers a wide variety of programs and services for all ages.  It’s also a newer branch, and offers complete access to the entire LAPL catalogue, as well as internet access and computer services.  With the hold system, books from any branch can be brought to Woodland Hills.

 

For one couple, who are both school teachers themselves, good schools were the number one factor in their search for a new home. “We chose to search for homes in Woodland Hills largely based upon the high-ranking schools that the area has to offer.”  As teachers, they say they are all too aware of wide disparity of the quality of education from one community to the next, and like any parents, they want the best for their children.

But choice of schools also plays into the value of a home. “Neighborhoods that have a solid school system tend to be more stable and the houses in those neighborhoods hold their value over time,” says the couple.

At the college level, Woodland Hills is situated within comfortable access to Pierce College, which boasts a strong continuing education program as well as a solid vocational undergraduate foundation.  The Malibu campus of the renowned Pepperdine University is just a short drive through the canyon.

For a good education at any level, you’ll definitely make the grade by choosing to buy your next home in Woodland Hills.  Consider Woodland Hills a place to call home especially with so many affordable properties now available.  Additionally, if you are renting and desire to own your own home, I encourage you to attend our monthly FREE Home Buyer Seminars.  Register by clicking HERE.  You also get $1000 towards your closing cost when you buy or sell your home through Bogun Realty and Luxury Homes. Sign up by clicking HERE to get $1000.

OTHER USEFUL LINKS:                              

Search MLS – All Homes CLICK HERE

Best Home Deals in Woodland Hills CLICK HERE

Bargain Luxury Homes in Woodland Hills, Hidden Hills, Calabasas CLICK HERE

Foreclosures + Bank-Owned Homes in Woodland Hills CLICK HERE

Short Sale Homes in Woodland Hills CLICK HERE

Fixer-Upper + Bargain Homes in Woodland Hills CLICK HERE

Seller Financed, Owner-Will-Carry, Lease-Option Homes CLICK HERE

Fast-Track Short-Sales are Available to Home-Sellers in Distress – APPLY HERE! CLICK HERE

Open Houses CLICK HERE

Testimonials – The Good Kind of Gossip CLICK HERE

Don’t Pay Another Cent in Rent to Your Landlord Before You Read This FREE Report CLICK HERE

27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar CLICK HERE

11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale CLICK HERE

Avoid These Costly Home seller Mistakes When You Sell Your Home CLICK HERE

Bandele Oguntomilade is the broker and owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com or call 818-825-6996.