Archive for April, 2008

Reducing Property Taxes

April 2, 2008

When you receive your property tax assessment, check for accuracy.  Mistakes in assessment can happen which may increase your property tax bill dramatically.  Look for errors such as, incorrect age, sqaure footage, lot size, floor plans, etc.  Compare your assessed value with your neighbor’s homes.

If you think your home is over assessed consider filing for a tax reduction appeal with your local tax assessor’s office.  The assessment value is the only part of your tax bill that you may appeal.  The other factor is the tax rate which is set by local officials and cannot be changed.  Start your research as soon as you receive the assessment and file the appeal before the deadline.