How To Appeal Property Tax

APPEALING YOUR PROPERTY TAXES - 2011

HOW TO APPEAL PROPERTY TAX - Things you need to know.

Some individuals just don’t appreciate the high cost of property taxes and feel inclined to appeal, but are not sure where to start or who to go to. The appeal process is sometimes different in each state and people just don’t know how to appeal property tax. Assessors meet with the landowner and the assessment details are discussed. If appropriate, adjustments are made to the assessment.

If you happen to own agricultural land or land designated for agricultural use, your appraisal should be lower in value than a non agricultural property would be. The local regional budget process is what defines property taxes. To begin with, how to appeal property tax is a contradictory issue. Taxes cannot be appealed, but the amount of assessment can. In order to appeal tax assessment, solid proof of unreasonable assessment must be produced. Typically, the current assessment on property is calculated as legally correct.

The proof that has to be produced must show that the current assessment on the property is either disproportionate or inequitable. It must also be proven that it doesn’t meet the requirements of the “True Market Value Standard”. Assessments must be dealt with annually in order to record increase or decrease in property value and adjust the assessment accordingly. Typically, the level of assessment applied, is the average ratio of the area where your property is located. This is the information gathered and used by the Tax Board to determine your assessment.

To determine how to appeal property tax if you think your tax assessment is unfair, you need to compare true market value to assessed value. A percentage of determinate is calculated and if the ratio of assessed value against the true market value is above this percentage rate then the assessment will be adjusted. However, before filing a tax appeal one is advised to check into your area’s average ratio.

The time to appeal a tax assessment is within 45 days of the mailing of Assessment Notices. Once filed, a meeting will be scheduled before the Tax Board office. You may represent yourself as an individual taxpayer; however, an attorney must represent a business other than a sole proprietorship. Their attorney will represent the district tax office that you would be opposing. It would be to your advantage to produce a witness who could offer experience in the real estate field, such as an appraiser that could offer expertise on your behalf. A copy of the appraisal report should be supplied to the assessor and tax board members by a designated time, prior to the hearing if you are retaining an expert witness.

Hearings are not private. Tax Board taxation meetings are public and anyone interested can attend. Adjournments for this type of appeal are typically denied, therefore it is wise to attend the meeting. If you miss the hearing without receiving a notice of postponement, you should presuppose the case closed and cannot be appealed again until the next tax year.

For you to attend a hearing may not be necessary if each party involved agrees to a settlement and resolves the issues. However, settlement orders must be submitted to the Tax Board and approved. If denied then a formal hearing would be scheduled. For you to dispute your tax assessment, it would be wise to inquire as to how to appeal property tax from a professional. For more information concerning how to appeal your taxes go to Easy Tax Fix.