Real Estate Analysis and Commentary.

How Obtaining a Real Estate Appraisal Can Help a Homeowner With Appealing Their Taxes
March 24th, 2023 3:06 PM
How Obtaining a Real Estate Appraisal Can Help a Homeowner With Appealing Their Taxes  Understand the assessment process. The first step is to understand how your property's assessment is determined. In most cases, the assessor will use a comparative market analysis (CMA) to determine the fair market value of your property. This analysis will compare your property to similar properties that have sold recently.
Get a professional appraisal. If you believe that your property's assessment is too high, you can hire a professional appraiser to provide an independent valuation. This appraisal can be used as evidence to support your appeal.
File an appeal. Once you have an appraisal, you can file an appeal with the assessor's office. The appeal process will vary from jurisdiction to jurisdiction, so it's important to check with your local assessor's office for specific instructions.
Be prepared to negotiate. The assessor may be willing to lower your assessment if you can provide evidence that your property is worth less than the assessed value. Be prepared to negotiate with the assessor and provide evidence to support your case.
Getting a real estate appraisal can be a helpful way to appeal your property taxes. By understanding the assessment process and getting a professional appraisal, you can increase your chances of successfully appealing your taxes.

Here are some additional tips:

Choose a qualified appraiser. When choosing an appraiser, make sure they are qualified and experienced in appraising residential properties. You can check with your state's appraisal board to find a list of qualified appraisers.
Be prepared to provide information. The appraiser will need to gather information about your property, such as its size, condition, and location. Be prepared to provide this information to the appraiser. Be patient. The appeal process can take some time. Be patient and follow the process that your local assessor's office has in place.
Getting a real estate appraisal can be a helpful way to appeal your property taxes. By following these tips, you can increase your chances of successfully appealing your taxes. Generated with the assistance of Bard.
Posted in:General
Posted by Wayne Henry on March 24th, 2023 3:06 PMPost a Comment

Subscribe to this blog

Recent Posts:

Archives:

Categories:

Change appraisal report (1)
Changing Market Conditions (1)
Collateral Underwriter (1)
Credit (1)
Foreclosures (1)
General (51)
Highest and Best Use (1)
Hybrid Appraisal (1)
Interview (1)
Mortgage (2)
PIW (1)
Reasonable and Customary Fees (1)
Valuation (1)

My Favorite Blogs:

Sites That Link to This Blog: