How to Get a Home Reassessed
Each county government sets a schedule to assess the value of each property within the county. Generally, this is done every couple of years. The information gathered is then used to determine the proportion of property taxes each property owner is responsible to pay. If the value of your home has declined since the last assessment was completed, you have the right to request a reassessment. A property that is deemed to have a reduced value also will have the associated taxes adjusted accordingly, saving the property owner money.
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Instructions
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Review your last property tax bill to locate the property's assessed value and assigned property tax amount.
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Contact a real estate agent in your area, and request a printout of 10 homes similar to your own that have sold within the last year. These printouts will disclose the sale price of the homes. Compare these prices with the assessed value of your home. If the sale prices are less, you can request a reassessment.
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Call your local county assessor's office and request a reassessment. Each county has their own form that must be completed. You can either pick up the form or ask the county assessor to mail you one.
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Fill out the reassessment application completely, and attach the documents you received from the real estate agent to prove that the reassessment is warranted. You may also be required to attach proof of ownership for the property in question.
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Submit the application, and allow the county's appraiser to come out and review your property. The appraiser will create an official report that states the current fair market value of your home.
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Wait for the county assessor to receive the appraiser's report. He will use this document to adjust your property taxes. If the determined fair market value is less than what was issued on your property tax bill, your taxes will be reduced.
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Tips & Warnings
If the appraised value of your home is higher than the assessment listed on your property tax bill, your property taxes may be increased.
