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How do I appeal for higher property assessed value?

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Dennis

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Post Posted: Mon Jan 07, 2008 3:00 am    Post subject: How do I appeal for higher property assessed value?
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Just a few months ago we bought our house and the county is now assessing property values for the property tax payments. But what they determined and sent us through a letter is much higher than what we bought it for. And so, the property taxes would be 35% more than what we could have paid had the assessed value been close to the purchase price. So, what do I do now? I don't think it's fair to pay such a high property tax in just a few months of buying the home. I want to appeal to the assessor and see what happens? What docs are required for that? And is this the right way to go?
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Post Posted: Mon Jan 07, 2008 3:46 am    Post subject:
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First, I would call up your county assessor's office and ask how they assess your home's value. Second, if their calculation is vastly different than "real world", they might have an appeal process that they can direct you to. It's unique to every county in the United States, so it's not "one process fits all"... I'd love to tell you in this thread the exact steps to take, but you'll get much more accurate information after you call your county's assessor's office.
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Post Posted: Mon Jan 07, 2008 3:54 am    Post subject:
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Hello Dennis,

I think you have to make an appeal to the County Board of Property Tax Appeals as this is the first step required.

The appeal will be based on the difference of property value between you and the assessor. In that case, you will need to present evidence about the market value of your property as it was on the assessment date. You may include an appraisal report of your property as an evidence.

But there is usually a deadline to appeal the assessment. You should know that and make your appeal within the given time period.
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Post Posted: Mon Jan 14, 2008 6:56 pm    Post subject:
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I agree that you should appeal the appraisal value of the property. With the purchase being so recent, you have a good chance of them reconsidering and reducing the value.
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