If you are like many homeowners, you may think that your property taxes are set in stone – that there is nothing you can do to lower them. If you do, then you couldn’t be further from the truth. There are, in fact, steps you can take in lowering property taxes that are quite effective for many people.
The first thing you need to do is find out when your home was last assessed, and what the estimate was. If this does not compare well to the recent selling prices in your area, then you need to ask for the assessor’s evidence that they used to determine the value of your home.
Check this information. If the description is not accurate of your home, your property taxes could be much higher than they should be. If there is an error, you need to make an appeal for a new appraisal. Keep in mind that you only have 60 days from the receipt of your bill to make the appeal.
If your appeal is based on similar property values instead of an error, things can get a bit trickier, but this does not mean you shouldn’t try. Find five to 10 sales of similarly sized homes in similar areas that recently sold for less than what your assessment was, which you can get from a real estate agent. List these on a spreadsheet with pertinent information like sales prices, dates, square footage, and features that may make the home different than yours. File this information with your appeal with the county assessor or county board. This should win you a hearing in which you can plead your case. Do so briefly, but accurately, and you just may succeed in lowering your property taxes.
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