Property tax advocates

Thanks to California’s Proposition 8, passed back in 1978, homeowners in the state can get a temporary reduction in their home’s assessed value—and, accordingly, their property taxes—when the housing market enters a slump. Recognizing that that applies to virtually everyone who purchased property in the state within the past few years, Prop8.org is a new consumer advocate group that was formed specifically to help California consumers take advantage of the law. Prop8.org provides tax-assessment appeals services for commercial, industrial and residential properties throughout California. With a team that’s professionally trained in tax appeal rules, procedures and requirements specific to each California county, Prop8 can provide market data and analyses needed to advocate the lowest possible tax assessed value. Clients get full-service representation, from the initial filing of the assessment appeal application and supporting documentation, through negotiations with the county assessor—even including a formal hearing before the County Tax Appeals Board, if necessary. Prop8’s services are available on a contingency fee basis for 50 percent of the first year’s tax savings or via a flat-fee plan that covers the entire process—with a three-year guarantee—for USD 495. For homeowners who bought their homes between 2004 and 2006, the average savings that result from hiring Prop8 are between USD 1,500 and USD 2,500 per year, the company’s founders say. Prop8 is currently seeking affiliates to help extend its service throughout California. Meanwhile, of course, there are also many other situations in which consumers are legally entitled to compensation but are unaware or too busy to claim it. Find one of those, and you just might have something to build a business on! (Related: Claiming compensation for duped passengers.) Spotted by: Troy Nelson