Taxes you pay this year are based on the value of your home two years in the past. For most of us, that means paying on values that are no longer close to being accurate. There are several things you can do to contest the taxes you are being charged.
First, compare any listed tax exemptions you think you qualify for with what is listed on the bill. Exemptions vary depending on your location, but you can find that information on your local tax assessor authority’s website. Make note of any differences for presentation later.
Next, examine property values or sales prices for similar properties in your area. Find this information using either your local tax assessor authority’s website or a local REALTOR. Tax assessors make property value public information, so the information is available to property owners.
And then… Analyze the appraised value of your home compared to the similar properties researched. Any sizeable difference should be noted and prepared as evidence in presenting your case. Consider hiring an independent appraiser (that’s where I come in) to assess the value of your property. Doing so gives you further supporting evidence. You can then decide if there is enough difference in your original appraisal value, and what you have concluded is the correct appraisal of your property to contest your property taxes. Go ahead and contest the taxes if you find an exception error.
