Paying property tax is not an activity that most of us enjoy. We pay them because it is part of being a citizen of this land, but we certainly do not want to pay more than we think is fair – for property tax or any other product or service.
The thing is, the government sets the amount of property tax we pay. How can we protest when we believe that the amount we are being asked to pay is unfair, even wildly unfair? You do not have to empty your savings account to pay property tax – you can work to have your property tax reduced. If you are a victim of ridiculously high property taxes, read on to get some tips on how to protest like a professional.
- The first thing that you should do is to determine the property taxes being paid by properties similar to yours and near to it. If you are paying more than others, you have a clear argument for lowering your property taxes.
- It is possible that your home has been valued at a higher value than it should be because there are valuable properties in proximity to your own. If you live in a modest bungalow, and your property valuation is similar to an extravagant two-story brick home on the next lot, you have an argument for lowering your property valuation. Two unequal properties should not be valued in the same way, even if they are next door to each other.
- Be aware that the onus is on you to establish that your property has been overvalued. You should spend time gathering evidence, photos and related paperwork, that demonstrate that the properties in your immediate area should be valued higher than your own property.
- A real estate appraiser can help you identify properties that are similar to your own but that are valued as lower for property tax purposes. Being able to identify specific homes in this category can really help you make your case that your property has been overvalued.
- If at first you do not succeed, try, try again. If you protest your property valuation for taxation purposes and are not successful, try again next tax cycle. Just because you were refused once does not mean that you will be again. Perhaps you simply need to gather more evidence to support your case.
- If you do not feel up to putting your case together on your own, you can hire a professional. Sure, you will have to pay a fee but if you believe the overvaluation is significant.
I highly recommend the following company to help you out:
8127 Mesa Dr B206-177
Austin, TX 78759
There you have it. Tips on how to put forward a property valuation protest that gets results. If you set aside 4 or 5 hours for this project, you should have a protest that will get some positive attention. The most important thing is that you carefully check out the property valuations in your immediate area so that you can determine if you really are being overvalued. A successful protest is much more likely if this is the case.