Property Tax 101: A Guide for Alameda County Homeowners
Dear Alameda County Resident, Whether you're a first-time buyer or have owned your home for years, understanding how property taxes work is key to managing your investment. This quick guide breaks down how your home is assessed, what to do if you disagree with the value, and ways to save on your tax bill. 💰 How Is Your Property Assessed? If you bought your home at market price, your assessed value is typically your purchase price . If you paid below or above market , the Assessor uses comparable sales to determine your property's market value. 📝 Think Your Value's Too High? You Have Options. If you believe your assessed value is incorrect, you you can ask for an informal review, file an appeal or do both: Informal Review: The request must be accompanied by evidence showing comparable properties that are below the assessed value of your home. Typically its homes bought and sold o...