Appraisal for Property Tax Appeal

Property Tax Appeal is a process that homeowners can go through to challenge their local tax assessment, when they feel they are being overcharged on their property taxes. The process is initiated by filing an appeal with the local assessor's office. After the appeal has been filed, an independent tax court will be assigned to review the assessment. During the hearing, the homeowner can make their case as to why they feel their assessed value is either too high or too low (utilizing an updated appraisal report). The appeal board will review the evidence and make a decision, determining the outcome of the appeal. Oftentimes, the appeal board will adjust the assessed value accordingly, leading to either a raise or a decrease in the homeowner’s property taxes. It is important to note that the appeal process can be lengthy and more times than not, require professional advice.

An appraisal is necessary for a Property Tax Appeal because it will provide an evaluation of the estimated market value of the property. The appraiser completes an independent analysis to determine the fair market value of your home and provides a report that outlines the basis for their conclusion. This is the information that is submitted to the assessment department or tax appraiser in order to determine the accurate property tax assessment. An appraisal is necessary in order to have an unbiased and accurate evaluation of your home. Without an appraisal, the assessment department or tax appraiser lacks any proof that the fair market value of your home is being accurately assessed for property taxes.