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In reply to the discussion: One simple question to ask Mitt Romney which will destroy his election chances: [View all]inchhigh
(384 posts)Does anyone know if you can tell from the Public information whether someone claimed a Homestead Credit in California. It's listed right on the Assessor's site for properties in my home county in Minnesota.
I found this on Zillow:
Initially, the Romneys asked that their 2009 assessment, $12.24 million, be reduced to $6.8 million, maintaining that their home had lost about 45 percent of its value in the first seven months they owned it.
Thirteen months later, after hiring an attorney to guide them, the Romneys filed an amended appeal, contending the home had suffered a less-dramatic fall of 27.3 percent, to $8.9 million.
They also filed an appeal for the 2010 tax year, claiming the house had dropped further, to $7.5 million, 38.7 percent less than the homes assessed value.
As a result, the Romneys have saved about $109,000 in property taxes over four years.
http://www.zillow.com/blog/2012-08-07/romneys-fought-for-lower-property-taxes-for-la-jolla-ca-home/
In Minnesota the Mill Rate is the same for everyone but the Taxes due are greatly reduced by a Homestead tax credit if you claim one. My listing actually says RESD-HMST but even when it doesn't you can use the public mill rate to see if the owner has claimed the credit or not.
Is there a way to see if they claimed this credit in California?