Property Taxes Too High? Learn What Qualifies for an Appeal

As a homeowner, property taxes are one of the inevitable expenses that come with owning a house. However, if you believe that your property may be over-assessed, or if you have experienced a change in your property's value, you may be able to appeal your property taxes. 

 

Understanding Property Tax Assessments

 

Property taxes are calculated based on the assessed value of your home, which is determined by your local tax assessor's office. 

 

This assessed value serves as the basis for calculating your property taxes each year. Assessments can be based on factors such as property size, location, recent sales of similar properties, and any improvements made to the home.

 

Reasons to Appeal Your Property Taxes

 

Overvaluation: If you believe your home has been assessed at a higher value than it's worth, you may have grounds for an appeal.

 

Changes in Property Condition: Significant changes to your property, such as damage from natural disasters, may warrant a reassessment.

 

Disparity in Comparable Properties: If you can provide evidence that similar properties in your area are assessed at lower values than yours, you may have a case for an appeal.

 

Inaccurate Information: Mistakes in the assessor's records, such as incorrect property measurements or incorrect information about your home's features, could result in an inaccurate assessment.

How to Appeal Your Property Taxes

Deadlines to submit your tax appeal will vary by municipality. If you are considering appealing your property taxes, we recommend getting assisted by an experienced attorney who specializes in property tax appeals.

 

A skilled attorney can help you assess the validity of your appeal, gather necessary documentation, and guide you through the legal procedures involved in challenging your property’s tax assessment.

 

Their expertise can be invaluable in ensuring a fair and accurate representation of your property's value, potentially resulting in a reduction in your property tax liability.

 

Final Thoughts

 

We are dedicated to helping you make informed decisions that align with your financial goals, which is why we’re ready to connect you with our network of referral partners who can help you appeal your property taxes successfully today.