Because appealing your property tax assessment can cost money and take time, unnecessarily taking action will only waste your resources. Even though assessors receive professional training, they can still make mistakes that could impact your taxed amount.
Knowing under what circumstances it is appropriate to appeal can help you feel more confident about your decision.
Classification and description
Local governments classify land after assessing factors including conservation easements and agricultural use. Incorrect classification of your land could inflate your taxes. For example, if your land exceeds the standard for your area, you should receive a lower tax rate per square foot.
Similarly, mistakes made when describing your property can also influence how much you pay in taxes. Foundation errors, miscalculation of your home’s age, inaccurate square footage totals and discrepancies in the electrical circuitry can all throw an assessment total off. Forgotten details in your home’s interior construction and finish can also cause problems.
Market value and exemptions
The market value of your home plays a critical role in determining your property taxes. According to U.S. News, one way to verify the accuracy of your property tax amount is to get an appraisal. If you notice substantial discrepancies, you may want to question the market value the assessors used to reach their final figure.
Depending on how you use your property, as well as local and state-specific laws, your property may meet the eligibility requirements for certain exemptions. If an assessor neglected to factor in these advantages, you may have an incorrect tax total.
Once you determine your decision to file a property tax assessment appeal, you can rely on a legal professional to guide you through the process.