Property Taxes Increase With Home Prices

With the increasing value of your home comes thelisted? Is the lot size corect?
increasing bill from your property taxes.There are things that will lower the value of your
Property tax collections have increased 35% fromhome. If you point out these details, you may find that
2002 to 2006, according to U.S. Census Bureau data.your home will be assessed lower.
With high property taxes pressuring the budgets ofIn general, you usually have between 60 to 90 days to
many homeowners, consumer backlash has beencontest a new tax assessment. Few homeowners will
seen across the nation. At least 15 states currentlyactually contest, but as many as 70% who do find an
have tax-cut proposals in the owrks, according to theerror that gives them a lower tax bill.
National Taxpayers Union.First, go directly to the assessor. Bring with you
If you have found that your property taxes haveevidence that shows your assessment may be wrong.
increased, you may be able to take action. Look"There are two types of low-hanging fruit," said AHA
closely at how your property was valued. Thepresident Richard Roll. "One is mechanical errors
American Homeowners Association reports tahtwhere they say you have a heated basement and it's
approximately 60% of homes are assessed too high.not. The other is errors of judgement, where they
Look at your assessment to make sure that all theassume your property is like someone else's.
details are correct. Are the right number of rooms