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“Knowledge is Power!” This statement could be adapted slightly to say “Knowledge equals property tax rebates!” for California Homeowners, the coming years present an unprecedented opportunity to lower their property taxes and avoid handing thousands of dollars over to the government. A little capitalistic motivation is all it takes to ask for a decline in value one property assessments that were only relevant before the housing and economis downturn.

Are you a California homeowner who is suffering from the downward rollercoaster ride? Did you enjoy the ride up the hill or did you enter at the peak of the housing market bubble? Everyone loves the ride up but hate the free-fall down. Luckily, there is a small silver lining in this current housing mess. Homeowners can benefit from a decrease in their property value by capitalizing on a unique opportunity to reduce property taxes.