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<pre><b>You have two questions here:</b>
The first question is
<b>1.Who can qualify for tax savings?</b>
Any owner of real California property whose assessed value is greater
than the properties current market value can save money by lowering
their property taxes.
Chances are if you bought property within the past few years
the purchase price was used as the assessed value
and if market values have dropped in your area,
you can save with Prop 8.

<b>2.How do I process? </b>
Request a review by correctly completing
a Decline-in-Value Reassessment Application form
meet appropriate deadlines (I believe it is Auguest 30, but not sure...
check with your county's assessor's office)and follow up
on the appeal process.

If you need more information or want to know about Propostion 8,
you can contact me, <b><font color="blue">Andrew Kim </font color></b>at <b>(650) 339-3855.</b></pre>