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Yes You Can Challenge Your Property Tax

Saturday, June 6, 2015   /   by Vanessa Saunders

Yes You Can Challenge Your Property Tax

Typically, every few years American homeowners have the value of their property assessed by their local government. The property tax you pay is based on the local tax rate, which you have no control over (except at the voting booth!), and the assessed market value of your home, which you can appeal in order to and thus potentially lower your property tax bill.


It's worth noting that the National Taxpayer's Union estimates that a majority of Americans who challenge their property taxes win when properly prepared.


Yes — You Can Challenge Your Property TaxGenerally speaking, there are three ways you can challenge the assessed value of your home:



  1. You can challenge the work of your local government's tax assessor. To assess your home's value, the assessor uses information that your local government has about your property. This data may include the condition of your property, your home's features and your home's square footage. Compare your own data to the government's, and if the local government's information is off you may have grounds to challenge the assessment.


  1. The finance site Kiplinger.com recommends that you see how the assessed market value of your home compares to similar homes in your neighborhood. Typically, this data is public information. If you determine that your home is assessed at a value that's higher than similar homes close by, you may be able to challenge your assessment.


  1. Tax assessors use the sales prices of similar homes to establish a market value. You can also challenge your assessment if you can show that similar homes near you are selling for prices lower than what your home was assessed. Sales records of homes are typically public information.


The appeals process varies by location, so it's important you follow the specific instructions that your locality provides with your assessment letter, particularly appeal deadlines.

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

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The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.
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