In 2011 the Assessor’s office reviewed 305,000 properties and adjusted the value of 177,000 properties that were eligible for a tax value reduction.
- Orange County Association of REALTORS®
So make sure you get your property reassessed this year so you can save money on your property taxes!
Monica Der, Realtor
Don't you want to save some dough so you can have Surf AND Turf?
Reassessment of Property Taxes
ReplyDeleteIn Tx, the value must be consistent with similar properties in same area. I've protested all of my investment properties as well as my (and my mom's) home with various degrees of success. Depending on the appraisal district they will disallow foreclosures as well. Often, you can call in and talk with an appraiser and get a reduction, if not over their limit. If you feel it should be reduced more than they are willing to give, you can protest in person in front of a three person board. If you can make a case that your property is overvalued based on sales comps, or your property has unique impairments you will get some reduction in value. If nothing else, then a nominal decrease just for the effort.
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