I was reading on a real estate news site that it is possilbe to appeal your property tax bill. Can you believe it? The article goes on to state why people may appeal and this is what it said:
The vast majority of homeowners who find errors and contest their bill enjoy a lower property tax, says the AHA, which offers a quiz that points to signals your home could be over assessed.
Tell-tale signs include:
- Errors in the description of your property on the tax bill.
- Compatible homes in the area that have sold for less than your appraised value.
- Neighbors with lower assessments on similar houses. (Keep in mind some homes retain the same assessed value for years and assessed values often don't rise in step with market values or home sale prices.)
- Value reducers in your home or area, including drainage problems, easements, re-zoning, heavy traffic, nearby railroad tracks, freeways, industry or toxic waste.
- Depreciation factors, including the quality of materials, inefficient heating, structural cracks, deterioration, or chronic defects.
Want more info? go to realtytimes