Income tax, sales tax, estate tax, excise tax, alternative minimum tax...and just when you thought you'd paid them all...along comes your property tax bill as a homeowner. But did you know that the National Taxpayers Union estimates that as many as 60% of homes are assessed for too high of a value, resulting in an incorrectly larger property tax bill? Chances are good you might be in that group of people paying too much, so taking the time to review your property tax bill could save you a nice chunk of change.
For many people, getting a mortgage is as normal and unavoidable as eating. Mortgages and food both facilitate important activities, so unless you’re extremely wealthy or capable of dormancy, you probably have or plan to get a mortgage someday and it’s a fair guess that you also eat on at least somewhat of a regular basis.
With all the stories in the news ranging from burst bubbles to the financial sky falling, it’s hard not to wonder if Calabasas and the surrounding cities are in trouble in light of so much big, bad news. With a similar – if not slightly slower 2007 forecast for sales of existing homes, foreclosures on the rise and recent tightening of lending guidelines for some borrowers, will desperate and motivated sellers crash prices and home values?