Property Tax Reassessments save San Diego Homeowners $91 Million

Property tax reassessments will save San Diego homeowners roughly $91 million annually--the most reductions since the housing decline, giving strapped property owners a welcome break.

This article from the San Diego Union-Tribune has more information.

But it is important to note...
"The relief is only temporary. When the housing market starts to rise again, the assessor can raise the assessed value back to its original level and tack on up to an additional 2 percent for each year, as if the reduction had never taken place."

Here's a comment from a reader:

"People need to crunch their numbers...if they are planning on using their house for what it was intended...a long term investment, then you have the potential for ALOT more taxation in the future if you sign up for this "offer.""

What do you think?