Many times an assessment is placed on a property at the first of the year, and statements are mailed to property owners with bold printing stating, "This is not a bill." Unfortunately, since it doesn't require immediate action, many property owners won't give it the attention it deserves.Usually there is a deadline for this assessment to be challenged. After that time, the property taxes are set for the year.
Correcting an assessment is a simple matter and doesn't require the services of a specialist. The first step is to discuss it with the assessor's office. Many times clarifications can be made during this initial phone call.
The next step is to make an appeal to the local board which is set up to hear disagreements. The board is made up of local citizens. Both the taxpayer and the assessor's office will have the opportunity to explain the reasons behind the valuation.
The property owner should have as much evidence to support their claim as possible. An independent appraisal is an excellent piece of information to have. However, if you have comparables of recent sales with documented facts, it will generally carry as much weight.
If the property has deteriorated, pictures may prove invaluable in showing its present condition. If the house has deteriorated significantly, or if there has been a general drop in prices, this could adversely affect the value. Simply saying the property is too high and that you couldn't sell it for that, will generally not receive consideration.
For more information, call Richard Morse, your real estate professional, at (800)946-3895.