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1. Property owners may benefit from requesting a temporary reassessment of their property tax values

  In the wake of a general decline in real estate values in recent years, some property owners may benefit from requesting a temporary reassessment of their property tax values under the provisions of Proposition 8. Residents who may benefit most from reassessment are those who paid top dollar for new or existing homes in the past three years.

Tags: 2011, news, Prop 8, Prop 13, reduction in taxes

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