This is particularly true if an appraisal district computer system
contains erroneous information about your real estate that may
result in an excessive assessment and inappropriate property taxes.
Examples of this would be a living area or site area entry in the
computer that is larger than actual size. An appraisal would be
needed to correct this situation.
Handling
unfair property tax assessments can be better described as an "art" instead of a science. The good news is that
a “property specific” appraisal is better evidence
of fair market value for your property than a generalized computer
estimate based on mass appraising techniques.
Our
integrity is unsurpassed among government tax authorities; they
know we
won’t waste their time. Because property tax
officials are increasingly scrutinized by outside agencies, they
expect well-documented, hard evidence to substantiate any value
changes.
Property taxes are often the largest single expense item, exclusive
of debt service, for most property owners. This fact is compounded
by complicated bureaucratic procedures and heavy case loads which
increase the likelihood of an inaccurate assessment. It makes good
business sense to constantly monitor and control property taxes
on an annual and ongoing basis.
Remember,
a professional real estate appraisal is an independent, objective
opinion of market value based on actual physical conditions
at the property. An appraiser can only be an advocate for this
unbiased opinion of value and cannot be the homeowner’s
hired advocate. Fortunately, there are many property tax consulting
services
in our market area that can be your advocate. They usually require
a real estate appraisal as an essential tool in establishing
the actual property value before they aggressively negotiate
on your
behalf. They must be armed with the facts!
There is no reason any property owner should pay more than their
fair share of property taxes and professional appraisers at the
various county appraisal districts would be the first to agree
with this. However, since tax appraisers rarely see the interior
of homes and often over-estimate the living area of two story homes
with open areas on the second level, an appraisal can help solve
problems.
Property taxes for your home should be similar to what other property
owners in your area are paying for similar homes. Site size, home
living area, condition and location are important factors. If your
home has physical problems, its condition may be far below average
and the tax office may not know about the situation. Any major
problem could seriously affect the value and marketability of your
home. Since property taxes must be based on no more than 100% of
fair market value, an appraisal could be very helpful in showing
tax authorities that your home needs special attention.
Many property owners pay thousands of dollars more than necessary
every year.
A modest investment in an appraisal could save thousands in the
years to come. If you have been over-taxed unjustly for years,
an appraisal could help you recover some of your past over-payments.