Compare your assessed value with what the home would have sold for on January 1. See the yearly saving and the deadline for your county. Numbers below are an example.
Prop 8 is temporary. Your Prop 13 factored base keeps growing up to 2% a year. When prices recover, the Assessor can raise the value back up to that line, and in those years the jump can be more than 2%.
Common mistake: "Zillow says my home dropped, so my tax drops." The county does not watch Zillow. You file, or nothing happens. And the value that counts is January 1 — a price drop in March helps next year, not this one.
Ken will reply with recent sales near you to attach to your request. No spam.
408-666-2825