Tuesday, April 15, 2008

Contesting County Property Assessments - 60% of all assessed property is over-assessed

Statistically, 60% of all assessed property is over-assessed, and over half of homeowners who appeal are granted some form of concession. Fewer than 2% of taxpayers appeal, though. Especially if you have propertyin depressed areas (such as Aurora), you are likely giving free money to your local government.


Tips:
  • Find your county assessor at www.naco.org.
  • Write to your county assessors office and show your assessment is higher that recent comps in your neighborhood (found at www.domania.com and other sites).
  • If possible, have a profesional Realtor (such as yours truly) prepare an official assesment... this will hold more weight with the assesor
  • National taxpayers union www.ntu.org has a booklet on how to fight property taxes as well।

Scott Lukes
Founder, Echo Summit Properties
http://www.echo-summit.com/

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