Signs Your Property Tax Assessment Might Be Wrong
Property tax assessments determine how much you pay in taxes each year. If your property is assessed incorrectly, you could be paying hundreds or even thousands more than you should. Here are five clear warning signs that your assessment might be wrong:
1. Your Assessed Value Is Higher Than Recent Sales
If similar homes in your neighborhood sold for less than your assessed value, that’s a red flag.
Example: Your home is assessed at $350,000, but comparable homes sold for $300,000. This suggests your property may be overvalued.
2. Incorrect Property Details
Assessors rely on property records. If those records are wrong, your tax bill will be too.
Common Errors:
- Wrong square footage
- Extra bedrooms or bathrooms listed
- Incorrect property type (e.g., marked as commercial instead of residential)
3. Significant Condition Issues Ignored
Assessments often assume your property is in average condition. If your home needs major repairs—like a leaking roof or outdated plumbing—but the assessor didn’t account for that, your value may be inflated.
4. Assessment Increased Dramatically Without Market Justification
If your property value jumped 20–30% in one year while local market prices stayed flat, something is off. Sudden spikes often indicate errors or outdated data.
5. Your Tax Bill Is Much Higher Than Neighbors’
If your home is similar to others nearby but your tax bill is noticeably higher, your assessment may be wrong. Compare your assessed value and tax rate with neighbors to spot discrepancies.
What to Do If You Spot These Signs
- Gather Evidence: Comparable sales, photos, repair estimates.
- File an Appeal: Most jurisdictions allow appeals within 30–60 days of receiving your assessment notice.
- Stay Organized: Keep copies of all documents and deadlines.
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