Property Tax Appeals Protocol
It is very important to ask the tax assessor what homes they will use to compare yours to
. You need to do this since they are looking to set you up and use those comparable choices against you. You'll need to poke holes into their argument and show false values they may attach to those comparables. Introduce your more favorable comparable and shed a more logical light using principles found in our resource and it becomes a slam dunk.
If the tax assessor is uncooperative, you can fax a request to the appraisal district for this information. The Freedom of Information Act insures that you can be provided with this information. You will be challenged by the information that the town will be using against you, so you need to know what comparables they have chosen.
Use photos to prove your point. Show how the tax assessors chosen comparable is not similar to yours and how the comparables you choose are comparable. Make any adjustments you need to make for differences in location, sq. ft. size differences, condition, age of the home or similar type adjustments
When choosing your comparables, look for ones that are similar, most importantly, in location. It should be in a similar neighborhood as yours. This location factor is vital and one of the main reasons that your comparable or the assessors comparable is or is not appropriate.
Look for similar features to your home such as living space square footage, similar number of baths, bedrooms, age of home, condition and style of home, swimming pool, decks and so forth. You'll be cherry picking ones that sold reflecting a lower market value while the tax assessor will likely cherry pick those with higher values. You'll need to defeat his argument and get your side of the story to look like the natural choice.
There will be differences in square footage, number of garages, with or without decks, patios, swimming pools, etc. and you need to make dollar adjustment to equalize features that are not similar to your home. These are simple plus or minus adjustments.
After you've put together your information it will be time to make an appointment with the tax assessor. Likely, the will not budge from his position and you'll have the take it to the next level of appeal.
Even with tax cuts, towns are still asking for tax hikes and are forcing many who are on the edge into foreclosure. If you can find sales of homes for the tax year you are appealing whose market value is less than your home, you'll have savings for many years in the future. Seems like few people want to go through the work it takes to appeal their property taxes. When one looks at the money they will save over the period of time before the next blanket reassessment (which may be 10 or more years in the future), appealing an unjust
property tax makes more than enough sense.
by: Josh Sykes
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