Ready to Challenge that Property Tax Assessment? Here’s How to Appeal a Property Tax Evaluation and WIN Ready to Challenge that Property Tax Assessment? Here’s How to Appeal a Property Tax Evaluation and WIN

Ready to Challenge that Property Tax Assessment? Here’s How to Appeal a Property Tax Evaluation and WIN

Friday, July 21, 2017

Interesting fact: According to the National Taxpayers Union, between 30-60% of taxable property in the U.S. is over-assessed. Even more alarming, it’s usually the middle income taxpayers’ properties that are most often over-assessed, yet fewer than 5% challenge the assessment.

Here at Turner Associates, we strive to provide homeowners and future homeowners with useful information that will benefit them in their everyday lives. In this blog, we outline the steps needed to file a property tax appeal and ultimately win. Use this knowledge to keep both your mind and wallet happy!

Step 1: Be Informed! Familiarize Yourself with the Appeal Process in Your State

This sets the foundation for how the rest of the process will flow. Every state has different deadlines, procedures, and protocol when filing an appeal, so it is important to gather as much information as possible before you embark on this journey.

Step 2: Weigh the Costs

As with most things in life, filing a property tax appeal is not free. Homeowners can expect to pay anywhere from $300 to $750 for an appeal based on a variety of factors, such as complexity of the project, the market, and the appraiser’s experience level. Additionally, if the appeal goes to the superior court, expect to pay a couple hundred dollars more.

Step 3: Keep EVERYTHING

Keep all assessment records and do your homework. Compare the records to your purchase price and comparable properties that have recently sold. Find out if your county has an online program where you can see the assessments on all of the properties in the county.

Step 4: Comply with All State Laws, Deadlines, and Procedures

To stay one step ahead of the game, make sure you contact local taxing authorities in advance of the deadline for appeals and be prepared to present all necessary documentation. Remember that the time frame to appeal is brief, anywhere from 15 to 45 days from the assessment date. Also, chances are you will only get 1 shot per year to file your property tax appeal, so make sure you’re ready!

Step 5: Work Outside the System

Homeowners can improve their chances of appealing their property tax assessment by hiring a certified independent appraiser. Having a third-party expert provide a credible, reliable opinion of the home’s value can help when it’s time to present the appraisal report to the local assessor. And since the end goal is to win, every tool in your arsenal helps!

Looking into Colorado Springs or Denver real estate? Then contact Turner Associates and we’ll give you all of the information you need!

 
LEAVE US A COMMENT:
Name:*
Email:*
Url:*
Comment:
 
Security Code:
Confirm Security Code:
Thursday, July 19, 2018

5 Tips for Staging Your Home...
If yoursquo;re in a tough sellerrsquo;s market or just looking to get top dollar for your ho...

Real Estate Experts and Lawyer...
As residential towers and commercial buildings rise toward the heavens, as they pierce the c...

Copyright ©2018 - Realty Times®
All Rights Reserved.

Denver Restaurant Week 2018 is Here! Check Out Our Guide to the BEST Dining Deals!
It’s that time of year when the most celebrated restaurants in Denver invite foodies...

Happy Valentine’s Day from Turner Associates! Check Out this Romantic Valentines Food and Drink Guide to Impress the Sweetheart in Your Life!
Love is in the air! Today lovebirds across the country take time to celebrate that special...

Visit Our Mobile Site
Facebook Linkedin twitter google