Real property tax is a tax based on the value of the property. Appraisals which are the basis for property values can generally be appealed according to local rules. Some of the reasons for appealing a tax assessment include:
- The assessor’s market value estimate is higher than the actual market value.
- The primary assessment of the property is based on inaccurate information such as an incorrect measurement of a lot or building.
- The assessment is higher than those of similar neighboring properties.
- The assessed value is at a higher percentage of market value for your property than the prevailing township, or county median level, as shown in an assessment/sales ratio study.