How to Appeal Property Tax Valuations

The determination of the value of your property, whether a home or place of business, has many implications in terms of resale value and tax assessment. In some cases, property tax valuations increase unexpectedly and can cause undo strain on a property owner's finances and budget causing that property owner to appeal the assessed value. These general guidelines help a property owner begin the appeal process.

Instructions

Difficulty: Moderate

1. Look up the property tax appraisal district contact information for your state and county. Most property tax laws differ from state to state and each county may have a different governing body or review board that handles the property valuations.
2. Decide whether to represent yourself or to hire a Property Tax Consultant that specializes in handling protests. Consultants such as Assessment Advisors can help you make your case and represent you before a review board.
3. Learn when your filing deadline is for your appraisal office. Sometimes it depends on when your proposed value notice was mailed. If you do not receive a notice regarding your proposed property value, check with the appraisal office because the notice may have gotten lost.
4. Schedule the hearing at the appraisal office. In some cases, you may be able to reach a settlement prior to the official hearing if you present enough research supporting why your property value should be less. However, if you don't agree during this prehearing, then an official hearing before a full Appraisal District Board may be necessary.
5. Collect your persuasive evidence such as pictures of your property and comparable properties. Also, present recent selling information for properties in neighborhoods similar to yours. The main purpose of the appeal should be to show that the new valuation you are protesting exceeds market value or the predetermined ratio set by your county or state.
6. Contact your mortgage company in case a change in your valuation affects your escrow account.

Tips & Warnings

• Be organized when presenting your case.