California and other homeowners:

[dixiegrrrrl]

the California class action suit against Countrywide charges that house appraisals were
falsified ( higher value) for years.
If this suit prevails, does that mean YOU can sue for back property taxes which were based on the false values?

[Fire1]

1. Good question!! n/t

[TheMadMonk]

2. Good luck, but probably not a chance in Hell.

The govt. argument will be that it acted in good faith based upon the market evaluations made available.

At best, such people MIGHT BARELY have a shot at getting a civil award ruling against those who made the fraudulent valuations. After, of course, having the criminal case for fraud proven.

Which brings us back to "Good luck" since it's pretty much a given that most/all of those "evaluators" were/are shell companies that will evaporate leaving nothing but debt, the moment it looks likely a court will find against them.

[bemildred]

3. Nah, all you might get is reduced assessments based on (proven) reduced valuations.

Maybe within the statute of limitations on that sort of thing.

[dkf]

4. Wouldn't contesting this just make education funding even worse?