County to examine home property values, assessor says

Rick Auerbach

Approximately 210,000 single family homes and condominium properties sold in Los Angeles County between July 1, 2005 and June 30, 2007 will be examined to see if they qualify for lower property taxes, Assessor Rick Auerbach told a meeting of the Agoura/Oak Park/ Conejo Valley Chamber of Commerce last week.
The socalled declineinvalue reassessment has been spurred by falling home prices.
"We will reappraise the property if appropriate," Auerbach told the local busines...

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