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However, natural disasters can derail those efforts.
Some of these disasters damage homes, while others can wipe out entire neighborhoods.
People around the world were reminded of that grim reality during the recent wildfires in Los Angeles.
These disasters have negative impacts on many people and communities.
A tax deferral isnt at the top of anyones mind during a natural disaster.
Everyones safety and knowing how youll bounce back are more important.
Knowing about this perk canminimize your tax billand reduce the financial impact of a disaster.
Holden Andrews, the founder ofHelpful Home Group, explained how LA homeowners can get the special tax deferral.
They need to go to this link and fill outform ADS 820, he said.
Acting as soon as possible will ensure that you dont forget to submit your form.
Andrews provides more clarity on the deadline plus what types of property qualify for this opportunity.
This needs to be done within 12 months, so doing it sooner rather than later is important.
There isan FAQ herethat people can read and get more information, he elaborated.
One of the FAQs is about the propertys assessment.
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