Property Tax

If you're a homeowner, you may have received an official-looking letter recently informing you that your property needs to be reassessed for tax purposes. The cost of the reassessment is $179, but you'll have to pay an additional $30 if you don't mail in your application within the next few weeks. "It's a scam," Los Angeles County Assessor Rick Auerbach told me.

Assessors in Los Angeles, Riverside and San Bernardino counties are forecasting the first drops in property tax collections in more than a decade, presaging reduced revenues for many cash-strapped local governments.

indianapolis -- With property values in Indiana being reassessed for the first time in six years, Laura Hile said she expected that the tax bill for her modest three-bedroom home would be big.

Proposition 13 has overstayed its welcome. I say this as my colleagues Marc Lifsher and Evan Halper bring word elsewhere in the paper today that Gov.

Despite the sliding real estate market, Los Angeles County's property tax base grew to $1.1 trillion, a 6.9% increase over last year, Assessor Rick Auerbach said.

Nancy Fritz and her husband spent $75,000 in 1961 buying a modest plot and building a home in Laguna Beach's Emerald Bay, an investment that has more than paid off.