How to apply for California property tax reduction with this bad economy?
Hi
I own a house in CA and the price value fell quite a bit since its peak of $650,000. I currently pay about $4,000 for tax property per year and I heard there are people getting property tax exemptions or reductions depending on the effect of market on house value. My house now values at about $400,000, which is about a 30%decrease, so i think i should qualify for this.
does anyone know how to go about applying for this great opportunity WITHOUT hiring someone(I heard it is almost scam to pay someone to do this!!!!)?
What are the requirements i must look into before i sign up for this?
Thanks!!! All answers will be appreciated, and all automated answers will be marked as spam! serious!!!
Best Answer Gets 10 easy points! 
Your county assessor should have reduced the value routinely already and sent you a notice of your current assessed value. $4,000 tax on a house worth $400,000 tells me the assessor has valued the house at a bit less than you.
Attorney General Files Lawsuit to Stop Alleged Property Tax Scam
