Re: Property Tax Appeal - timing?
05-30-2009 03:30 PM
When you purcahse a house, the new assessed value is based on the purchase price, so historically, taxes went up with the new ower as home values went up, but that's not usually true these days with declining values.
Anecdotal reports I get say that almost everybody who appeals gets them lowered some, but not by as much as they had hoped, and that the process was longer and more painful than expected.
Best of luck to you.