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 May 02, 2007

Increasing Number of Home Owners Appeal Assessments
Across the country, home owners are beginning to file record amounts of appeals for property tax assessments. The increase comes at a time when community governments are increasing assessment amounts that are based on sales data that is up to two years old, at a time when current property values are falling.
Savvy home owners keep an eye on the current comparable values in their neighborhoods and are being awarded reductions based on their knowledge of actual current sales price trends. The hiring of a private home appraiser can also prove valuable in making a case to local government officials.

The appeal process can take a long time to progress; however, a victory can be well worth the wait. Educated and well-informed home owners have saved upwards of $5000 in reduced tax assessments following successful appeals.

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