With our help at Appraisal Partners, you can save on your taxes by performing an in-depth appraisal to find the true market value of your home.
Property taxes are a significant expense for homeowners and a primary source of revenue for local government. Local governments depend on the revenue generated by property tax to pay for local amenities such as schools, roads, police and fire protection. Property taxes are a large burden on homeowners. Even after you have paid off your mortgage, the property tax bill remains. Your property tax bill is based on the assessed value of your property and the property tax rate.
The assessed value of your property is determined at different times in different jurisdictions. In some areas reassessments occur once a year and in others they occur every other year. In most areas the assessment is based on a percentage of the market value of the property. The percentages can vary based on type and use of the property. One way to lower your taxes is to argue the market value of the property. Your local tax assessor will generally accept an appraisal report completed by a certified appraiser as proper support to appeal the market value of your home and lower your tax burden. An appraisal can be ordered on line through Appraisal Partners for little cost and potentially save thousands in property tax obligations.