How to Appeal Property Taxes: A Step-by-Step Guide to Maximize Your Savings

Property tax assessments can significantly impact your finances, especially if your property is over-assessed. Follow these steps to ensure you’re only paying your fair share and get us engaged for peace of mind.

Step 1: Understand the Property Tax Appeal Process

• Know the Deadlines:

  • Research and mark the deadline to file your appeal, as missing it can disqualify your case.

• Review Your Assessment Notice:

  • Carefully examine the property assessment notice for details on the property’s assessed value and applicable taxes.

• Understand Local Procedures:

  • Learn your jurisdiction’s specific rules for appeals by visiting the assessor’s website or contacting their office directly.

Step 2: Review Your Property Details

• Get the Property Tax Assessment Card:

  • Obtain your property’s official record from the assessor’s office.

  • Look for errors in size, condition, or features that could inflate your assessed value.

• Compare to Similar Properties:

  • Research properties of similar size, age, and location. Use real estate platforms (e.g. HAR or Zillow) or public tax records to identify properties with lower assessments.

• Inspect for Factual Errors:

  • Check for overestimated square footage, non-existent improvements, or overlooked damage.

Step 3: Build a Strong Case

• Document Your Findings:

  • Photographs: Show evidence of any property defects or damage, such as outdated fixtures or structural issues.

  • Comparable Properties (Comps): Collect data on similar properties with lower assessed values or sale prices.

  • Professional Appraisal: Hire an appraiser to provide an objective valuation of your property.

• Analyze Market Trends:

  • Present evidence of declining property values or other economic factors that impact your area.

Step 4: File the Appeal

• Complete the Required Forms:

  • Download and fill out the appropriate appeal form from your assessor’s website.

• Attach Supporting Evidence:

  • Include all documentation such as comps, appraisals, photos, and reports.

• Submit the Appeal on Time:

  • Double-check the filing deadline and submission guidelines to ensure your appeal is accepted.

Step 5: Prepare for the Appeal Hearing

• Organize Your Case:

  • Structure your evidence to clearly demonstrate why the assessment is inaccurate.

  • Prepare a concise argument focusing on factual errors or unfair comparisons.

• Present Professionally:

  • Be respectful and confident when presenting your case to the assessor or appeals board.

• Anticipate Rebuttals:

  • Be ready to address counterarguments with supporting data or expert opinions.

Step 6: Negotiate and Verify Results

• Seek Resolution:

  • If possible, negotiate a lower assessment with the assessor before the formal hearing.

• Request Written Confirmation:

  • Ensure any agreement or decision to reduce your assessment is documented.

• Review Your New Tax Bill:

  • Verify that the adjusted valuation is reflected in your updated property tax bill.

Step 7: Plan for Future Tax Savings

• Monitor Annual Assessments:

  • Review your property’s assessed value every year to avoid overpaying due to errors.

• Consider Strategic Improvements:

  • Be mindful of renovations that could increase your assessed value unnecessarily.

• Stay Informed:

  • Keep up with local market trends and any legislative changes affecting property taxes.

Why Work with our firm to Appeal Property Taxes?

Navigating the property tax appeal process can be complex. In our CPA firm, we provide expert guidance to help you:

• Analyze property details and uncover assessment errors.

• Build a compelling appeal using market trends and comparable property data.

• Maximize your tax savings while ensuring compliance with local tax laws.

Ready to take control of your property taxes? Contact us today for personalized assistance with your appeal!