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Property Taxes Increase With Home Prices

With the increasing value of your homethe right number of rooms listed? Is the
comes the increasing bill from yourlot size corect?
property taxes.There are things that will lower the
Property tax collections have increasedvalue of your home. If you point out
35% from 2002 to 2006, according to U.S.these details, you may find that your
Census Bureau data.home will be assessed lower.
With high property taxes pressuring theIn general, you usually have between 60
budgets of many homeowners, consumerto 90 days to contest a new tax
backlash has been seen across theassessment. Few homeowners will actually
nation. At least 15 states currentlycontest, but as many as 70% who do find
have tax-cut proposals in the owrks,an error that gives them a lower tax
according to the National Taxpayersbill.
Union.First, go directly to the assessor.
If you have found that your propertyBring with you evidence that shows your
taxes have increased, you may be able toassessment may be wrong.
take action. Look closely at how your"There are two types of low-hanging
property was valued. The Americanfruit," said AHA president Richard Roll.
Homeowners Association reports taht"One is mechanical errors where they say
approximately 60% of homes are assessedyou have a heated basement and it's not.
too high.The other is errors of judgement, where
Look at your assessment to make surethey assume your property is like
that all the details are correct. Aresomeone else's.



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