Property tax appeals are on the rise as home prices continue to fall! Irvine Real Estate – homes for sale in Irvine

by Robert Mack on November 26, 2010

in Latest News, Sellers

If you feel as though you’re over paying, you should consider hiring a reputable property tax appeal lawyer. East my dust. Had the village increased its levy every year just to account for inflation, as determined by the consumer price index, Skokie’s 2006 tax levy would be $23. Step 2: Make up a list of questions and contact an attorney for an over the phone consultation. Ask for their experience and specialty.

Now inspect the information provided by the appraiser. Gain ground. “Zestimate” provides a rough estimate based on Zillow’s proprietary statistical valuation algorithm – a great starting point to understand an appropriate range of value. For a more defined estimate, Zillow provides another tool called “My Zestimator”.

The Wall Street Journal analyzed 1,000 recent home sales and found that Zillow’s Zestimates were amazingly good – often within a few percentage points of the property’s sales price. Do the research. Use tools like Zillow and a comprehensive handbook and presentation format as found in Property Tax Appeal Guidelines to help you prepare your appeal. In any case, it’s important to be aware of what is happening to know if it’s time for you to appeal your property assessment.

As you can imagine, this is the area where you can really attack your tax problem. Target the “right comparable adjustments” and you’ll get your appeal in the winners circle. It could be morning or afternoon when your property tax appeal case is heard . I speak to these folks at hearings and ask what it costs to appeal. Your statement should contain an appeal deadline.

Are you overpaying on your property taxes? Your property taxes are based off of your assessed value in your tax records which is public information. If your assessed value is higher than what your home is worth, you may be overpaying your property taxes.

Posted on Irvine Orange County Real Estate Market News

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