When looking for ways to cut your household expenses, consider appealing your property taxes. According to the National Taxpayers Union, “…between 30 and 60 percent of taxable property in the United States is over-assessed, and this leads to higher property tax bills. Middle- and lower-income taxpayers are among the most often over-assessed.”
How to Appeal Your Property Tax
Appealing your property taxes takes a bit of homework, but can be worth the time and effort you spend.
- Kiplinger outlines 10 steps you can take to lower your tax bill.
- Websites such as Zillow.com and Domania.com help you find the value of your home, as well as the values of the homes in your neighborhood.
- The National Taxpayer’s Union offers a free Homeowner’s Checklist of steps to take in appealing your assessment.
- The Federation of Tax Administrators offers links to the tax assessor in your area with this nationwide map.
- Mellody Hobson offers tips for challenging an inflated property assessment in the following video from Good Morning America.