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How to appeal your property taxes

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Paying property taxes is a hard pill to swallow! Especially if you are paying more than you should be, or believe you should be!

On this weeks blog, we wanted to talk about some ways that you can possibly appeal your property taxes. Of course, people who are paying low property taxes aren’t complaining by any means, but we hope this blog helps out those might be paying a lot more!

Let’s talk about 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 your homeowners assessment is much higher than it should be…you could be potentially paying thousands of dollars in taxes that you just shouldn’t be paying!

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. 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 me today if you have any questions or concerns. I’ll be happy to answer and help guide you. Have a wonderful week!

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