January 04, 2010 – 9:42 AM

Brooke Edwards, Staff Writer

Aside from the $1.6 billion loss in property values already recorded over the last year in the massive re gional redevelopment area surrounding Southern California Logistics Airport, a recent city report shows hundreds of millions of dollars in reduction appeals are still unresolved.

The San Bernardino County Assessor’s office automatically recalculates value on some properties as part of its annual process.

But property owners who feel their land is still assessed too high for the current market can appeal to have it reevaluated under Proposition 8, with the potential for significant reductions in annual property taxes.

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Brooke Edwards may be reached at (760) 955-5358 or at bedwards@VVDailyPress.com.