As properties have significantly dropped in many areas after the housing crisis, your assessed value may be too high.
Assessed values are a different value than market value, however they calculate using ad valorem tax (Latin for “according to value”). This is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction.
Consider if your purchase was at a market high, your taxes would reflect that transaction value which translates into a larger property tax. Often times you are able to resolve these issues with calling your assessor directly, but if you still feel that your local assessor is over-valuing your property consider getting a Pilgrim Colonial appraisal for this. A certified independent professional is often your best solution for this matter.
Before engaging an appraiser, it’s to your advantage to do your own research before determining whether to proceed with a property assessment appeal. Often times, the assessor’s values are in a viable range and make it difficult for an appeal.
Choose Pilgrim Colonial Appraisal Services. Its important you hire someone who is knowledgeable and understands your situation. We perform in accordance to the Uniform Standards of Professional Appraisal Practice (USPAP). When you hire us for a tax appeal, you’re engaging us as an independent, third-party to perform a professional appraisal report.
