Real Estate Tax Appeal Policies
Ask the tax assessor what homes he is using to base the value or your assessment on. This way you can scrutinize those home and find comparable that are more like your home if he/she is off-base. You will have to negate the argument of the tax assessor regarding the homes he chose and introduce the homes you have chosen.
If the tax assessor is uncooperative, you can fax a request to the appraisal district for this information. The Freedom of Information Act insures that you can be provided with this information. You will be challenged by the information that the town will be using against you, so you need to know what comparables they have chosen.
Use photos to show that their homes are not comparable to yours. Then offer examples that you found for homes that are comparable to yours in location, size, quality, age and condition, etc. If there are differences, adjust dollar amounts for those differences. That way your facts win the case, hands down.
Hunt for those comparables that sold and are in your own neighborhood. Location is the most important valuation feature since different neighborhoods have different price points.
Focus on other similar features such as number of bedrooms, baths, quality and style of home, number of garages and make adjustments accordingly. The tax assessor will likely cherry pick the more expensive homes and they may have dissimilar features that you'll need to address in your analysis.
There will be differences that you need to adjust for in the comparable's that you chose. These are simple plus or minus adjustments you'll need to enter for the applicable category in order to equalize the comparable's value to your home.
After you've put together your information it will be time to make an appointment with the tax assessor. Likely, the will not budge from his position and you'll have the take it to the next level of appeal.
By winning a property tax appeal, you'll not only save on this years taxes, but that same reduced assessment will carry on until the next blanket reassessment. A future blanket reassessment of your community may be not forthcoming for another 10 or more years. Unjust property tax valuations need to be appealed.
Video explanation and for clarification + presentation format + forms + how to step-by-step and item-by-item eBook + new ideas on how to petition your property taxes. Stake your claim now on to Appeal your Property Taxes!
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