Should You Appeal Your Property Tax Assessment

A property tax appeal can be a complicated process. To make the most of your time and money, it is crucial that you understand what to expect before starting any proceedings.

There are many reasons why homeowners might choose to challenge their assessed value for property tax: they think the assessment value on which taxes were based was too high; or because an error was made by assessors when calculating assessments for similar homes nearby; or if there has been significant change since last year's valuation due to renovations such as adding new bathrooms or extending kitchens with granite counter tops.

Property taxes are a major expense for many homeowners, and the decision to appeal your tax can be difficult. It is important that you understand how it works before making any rash decisions.

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Did you receive your property assessment in the last month? What was your initial thought when you saw that card in your inbox?