You have the right to ensure your tax assessments are fair and accurate.
Receiving your property tax notice in the mail can often lead to mixed feelings. While it’s a good sign of owning valuable property, it also means the government expects their share. Fortunately, there’s a way to potentially reduce the burden by appealing your property tax assessment. We’ll walk you through the process of challenging your property value to ultimately lower your tax payments.
If you’ve received a property tax notice and believe your property’s assessed value is too high, there’s a process you can follow to contest it. Even if your mortgage company covers your property taxes, appealing the assessment can still be beneficial in the long run:
1. Review your notice. Open your property tax notice and ensure all the information listed is accurate. Mistakes can happen, so it’s essential to verify the details before proceeding.
2. Explore your options. You have three main avenues for appealing your property tax assessment. These options usually include demonstrating that your property’s value is inaccurate or that it’s significantly higher than similar properties in your area.
As real estate professionals, we can provide you with comparable sales data that may indicate a lower property value. This evidence is crucial for your appeal. By presenting data that suggests your property is overvalued compared to similar properties, you can make a strong case for a reduced assessment. Our role as Realtors extends beyond property transactions. We’re here to assist you in navigating the property tax appeal process. Here’s how we can help:
• Comparable sales data. We can gather and provide you with recent sales data of properties similar to yours. These comparisons will support your argument for a lower assessed value.
• Guidance and expertise. With experience in the industry, we understand the intricacies of property assessments and appeals. We can guide you through the process, ensuring you’re well-prepared and informed at every step.
If you have questions about property taxes, appeals, or any other real estate-related topic, don’t hesitate to call or email us. Your financial well-being is our priority, and we’re here to help you make the most of your property ownership journey.
