Appeal Your Tax Assessment to Save on Property Tax

The tax assessment on your property determines how much money you are going to pay in property taxes for the year. If your assessment is wrong, it could end up costing you extra money. Here are a few things to consider about how to appeal your tax assessment.

Tax Assessment

If you are a property owner, you are required to pay property taxes every year. You have to pay taxes on your home and your vehicles. In order to determine how much money you pay in taxes, the county in which you live employs a tax assessor. The assessor's job is to determine the value of the property that is going to be taxed. They multiply that value by a certain percentage in order to come up with how much money you pay in taxes.

If the assessor does not calculate the proper value for your property, you will pay more money than what you rightfully should have to pay. Whenever property values increase, your taxes are going to increase as well. On the other hand, when property values decrease, your assessment should go down. In many cases, assessors fail to lower your taxes whenever property values decline.


If you believe that the assessed value of your property is incorrect, you might want to consider appealing the assessment. By appealing your property assessment, you could potentially lower it to the value that it should be. This may allow you to reduce your tax bill significantly. Many people do not want to appeal their tax assessment even if they believe that it could be wrong. They fear the process of going through the appeal. While it will involve some paperwork and a time commitment on your part, you should be able to complete the process. If you are successful, it could result in some nice savings for you.

The Process

First, you will have to apply for an appeal. In order to do this, you need to make sure that you submit your request before the deadline for appeals in your county. You might want to consider sending your letter via certified mail so that you can prove that they received your request. They will then send you a detailed copy of your assessment so you can review it.

Once you have received your assessment, you need to look over it. You will then be able to appeal the assessment if you think that there is a mistake or if you are being assessed at a higher rate than comparable properties. In order to protest your assessment, you are going to need to gather facts to help your case. Consider taking pictures of similar properties and research property values to include them in your findings. Usually, you can complete the process by mail. The regular response time is 30 to 60 days.

Assessed Value

The assessed value is the value of a piece of property that is given to it by the county assessor. Every county in the United States has an assessor that is used to determine the value of every property in the county. This assessed value is then used by the county in order to determine how much you will have to pay on your property taxes for the year. The taxes are generally determined by multiplying a standard millage rate by the assessed value of the property according to the county appraiser. You will then have to pay this amount directly to the county.

Mill Rate

The mill rate is a term that is used to describe the percentage of each dollar that you will have to pay for property taxes based on the assessed value of your property. Every county in the United States has a mill rate that determines how much money each person has to pay in taxes. Each county has an assessor that is in charge of determining the value of each property. This is known as the assessed value. The assessed value is then multiplied by the mill rate in order to determine the actual dollar amount that each person has to pay.

Property Tax Deduction

The property tax deduction is a tax that can be taken when you file your federal taxes. The amount of money that you pay to your county on property taxes can be deducted from your taxable income when you file your federal taxes. In order to take this deduction, you will have to itemize your deductions. If you do not have enough deductions to exceed the standard deduction amount, you will generally simply take the standard deduction instead. When added together with other itemized deductions, this can help to lower your taxable income and, in turn, the amount of money that you pay in taxes.

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