How to appeal your property taxes!

     

    Paying property taxes is a hard pill to swallow! Especially if your property taxes are too HIGH. So question, are you paying more than you should or believe you should?

    On this weeks blog, we wanted you to have some tips on what to do if you believe you are! 

    Tax assessments. 

    Tax assessments can have a HUGE impact on homeowners! Tax assessments impact the amount of taxes the homeowner is paying yearly on their property. So, if  yours is high…you could be potentially paying thousands of dollars in taxes that you just shouldn’t be paying.

    What should you do next? 

    Well, here are some things to consider:

    1. Decide whether it’s worth your time and efforts.

    For example, If you believe your tax assessment is only $2,000 or $3,000 high, it may not be worth your time because your yearly savings are likely minimal.

    2. Research the local real estate market.

    Tax assessments are based on market values. If you believe other homes similar to yours are assessed for less, understand why! Are the homes smaller but have more land?

    3. Home appraisal 

    If you’re unsure whether appealing your tax assessment is worth it or not, another option is to have an appraisal done on your home. An appraisal is evaluation of your properties value and can be extremely helpful in determining whether your assessed value is high or not.


    Tips to appealing your taxes:

    Tip #1: Meet with your local assessors office.

    If you believe the tax assessment of your home is too high, the first step is to meet with the local assessors office! Follow all of the guidelines necessary for the appeal.

    Tip #2: Judicial review

    If your attempts to appeal a tax assessment are unsuccessful with the local assessors office, we recommend that you contact an attorney and go through a judicial review.

    Contact us today if you have any questions or concerns. We’ll be happy to answer and help guide you.

     

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