Paying annual property taxes is one of the many responsibilities of home ownership. While there’s no way to get around this expense, you may have the chance to reduce it if you can prove your home has been improperly valued. It’s the job of a tax assessor to estimate the exact market value of your property, upon which your tax bill is based. According to the appraisal experts at Metro Appraisal Associates in Rochester, NY, it is possible to challenge this tax assessment if it appears to be too high.
Below, they explain the proper steps to take to appeal your case:
- Carefully Review the Assessment: The first thing you must do is carefully go over the assessment letter you have received on your property. Make sure the assessor’s specifications are correct and there are no obvious errors concerning the square footage, condition, and features of your home. Any mistakes in these areas will impact your property value and can make a significant difference in how much your tax bill is.
- Hire an Appraiser: The best way to determine if your suspicions about your property’s value are right is to hire a qualified appraisal company to do a tax assessment review. Having a report from a professional appraiser detailing their opinion on valuation will strengthen your argument considerably and serve as evidence in your appeal.
- Research Comparative Sales: One of the easiest things you can do to prove you should be paying lower property taxes is to compare similar homes in your neighborhood that have recently sold. These properties should be comparable in size, condition, and style. If you find that their values are reportedly less than yours, you likely have a case that your taxes are too high.
Every community has its own guidelines and procedures for disputing a property tax assessment, so it’s important to learn what this process is in your particular location before taking action. To schedule an appraisal with a company you can rely on to get you accurate information, contact Metro Appraisal Associates at (585) 225-3042. You can also visit them online for more details on the real estate appraisal services they offer.