If your home value is less than the assessed value, here is the form to appeal your assessed value. Remember the Assessed Value on January 1, 2009 is used to derive the property tax you pay for the period covering July 1, 2009 – June 30, 2010.
San Francisco Country Appeal Form – contact the assessor’s office http://www.sfgov.org/assessment/ or call (415) 554-6778.
Remember you win both ways, if you get a lower assessed value you pay less property tax, but if the value is higher than you think, you have more equity.
This is a great time to buy! These REO deals will disappear in another 8-11 months.