If you own a home you can probably apply for a “Decline-in-Value Reassessment.” We got our property tax bill in the mail the other day, and I noticed that the wonderful government had already reassessed our property…up $20k from what we purchased. Now that home values have decreased though, it’s time for some payback. All you have to do is print out the form you can find at the Assessor’s Website, find a couple similar properties and their value, and then mail it. The link is for LA County, but I’m sure other counties have similar procedures.