TAX BREAK? Did you buy a home...
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TAX BREAK? Did you buy a home within the last two years? The county assessor may--repeat, may --have good news for you. . . . Assuming the real estate slump continues through March, when the assessor reappraises property, the assessed value of your home could fall to match market conditions, a spokesman says. That would mean a lower tax bill. . . . But if you bought your house before 1989, forget it. Prop. 13 allows just a 2% assessment increase a year, so by now those houses are probably listed below market value, the spokesman says.
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