How to Lower Your Property Taxes: A Step-By-Step Guide
Your property tax bill is based on what the assessor estimates the value of your home to be, they call it “assessed value”.
Did you know that their assessed value isn’t set in stone?
Did you know that you can appeal that property tax assessment?
Armed with an accurate and well-developed appraisal, you can appeal the assessor’s property tax assessment and lower your property tax.
To lower your property tax, you need to show that your home is worth less than its assessed value. If it turns out you’re right and your property is over assessed, you can appeal by providing proof that the value is incorrect.
Check the Data
You can challenge a tax assessment based on the accuracy of the assessor’s data. The assessor’s record contains information such as square footage, bedroom and bathroom count, lot size and condition of the property. If any of this information is incorrect, the assessor’s valuation may be off. If any facts are wrong, then you may have a quick and easy challenge on your hands.
Our most successful property tax appeals are when county records contain incorrect information about your property. When the data is incorrect, the measurements, analysis and appraisals that we provide are often the basis for a tax reduction.
Determine the Current Value
You can also challenge your assessed value by showing that the current market value of the property is lower. If you are going to contest your assessed value, a strong, accurate, real estate appraisal is absolutely critical for your argument. The appraisal must be based on accurate information which is objective and impartial.
County assessors are adept at spotting unreasonably low values that are prepared by “hired guns.” These faulty valuations can raise a red flag within the assessor’s office and rarely win your tax appeal.
Present your Case
You may not need to file a formal appeal if you talk with the Assessor’s Office first. They can explain your property’s assessed value, answer any questions you may have about the assessment and review the appraisal or any additional pertinent information you provide and reduce your assessed value if warranted.
If you aren’t satisfied with the explanation or results, you can file a formal appeal.
File an Appeal Application
An assessment appeal is a process whereby property owners appeal their assessed value to an independent citizen’s review board. You can present the information or hire us to present to the board. The board will review both the evidence you provide and the evidence presented by the Assessor’s office. Based on the strength of the evidence presented, they will establish the taxable value for the property.
The assessment appeal application must be filed between July 2 and November 30. For additional information, Click here
Why Choose Anderson Appraisal Services?
If you decide to challenge your assessed value, having a well developed and convincing appraisal is critical to the success of your appeal. We are the most experienced appraisal firm in San Diego County and have successfully argued cases with the appeals board providing convincing appraisals which resulted in reductions.
Years of Experience
Anderson Appraisal Services did a great job of successfully presenting arguments to the Assessments Appeals Board that reduced the assessed value of our property from $3.0 million to $2.0 million, and performed the work both promptly and at a reasonable price. I would not hesitate to use the firm again. Joel H., Property Owner
Property Tax Appraisal Report Recommendations
Using our proprietary, valuation technology platform, we provide, accurate and well substantiated appraisals available in several formats that are tailored to meet the unique needs of the property tax appeals process.
Stay informed about your property tax burden. We can monitor your property’s value versus your assessed value providing you with an annual valuation alerting you if you are paying too much in property taxes.
Our lower cost, quick turnaround, appraisal option. Our technology-assisted process is leveraged to derive a property’s value which can be used in Step 3 of the appeal process.
A professionally developed appraisal which contains detailed property information for verification of facts and a thorough valuation analysis ideal for your appeal hearing.