Lifestyle Builders Blog

PROPERTY TAXES

Between 2006 and 2009, property values dropped 21% nationally. According to the National League of Cities, 25% of American cities raised their property tax rates in 2009. Like it or not, local governments depend on property taxes to pay for schools, police, libraries and other services. So it does not follow that just because property values drop that property tax bills will follow. You may wish to consider contesting your latest property tax bill. If so, call your local tax assessor’s office and ask about the process. Then here’s what you do. Check your assessment for correct land size, house size, and other imporvements. Collect information on at least 3 recent sales in your neighborhood that show your value is lower. They need to be properties similar to yours. Take Photos if your home needs repairs that would lessen its value. File On Time. In some areas, missing an appeals deadline could mean a year wait for a second chance.