4. Compare Your Property to Similar Homes in Your Area
If your property is valued higher than similar homes nearby, you may pay more than your fair share in property taxes. Comparing your home with others (comps) can provide evidence to contest your property tax assessment.
What to Do: Look at the tax assessments of nearby homes similar to yours in size, age, and condition. If a comparable home is valued much lower, it could be a valid reason to challenge your valuation.
Action: Gather information on the sale prices or assessed values of nearby homes and present this evidence during your appeal.
Hi there! I am Sudip Sengupta, the face behind “Tfin Career”. Tfin Career is a sole proprietorship finance and consulting firm that makes complex tax and financial concepts easy to understand for everyone. With more than 21 years of experience in the field, I have noticed that people cannot make the right decisions in this field. So, I decided to create “Tfin Career” to help individuals and businesses alike. Here I urge those who are confused to make better choices. Also, it is good news for my dear clients and every visitor that I/we are going to start a training module for those who want to choose a career path in Finance and Taxation. Just follow my website.
Thank you for reading this post, don't forget to subscribe!