Appealing Your Value (Or Not)
All owners have the right to appeal the appraised valuation of their property and that goes for whether you believe the new value is too high or too low. Remember that your property is one of your most important investments, and should be treated as such. For our part, we want to make adjustments if needed, so that our information is as accurate as possible.
To make the best use of your time and ours, please take into consideration some of these issues in making your decision:
- If you think the appraised value is more than you would reasonably get if you sold your home, you should consider an appeal (the appraiser is required to determine “fair market value”). Keep in mind that we are living in a desirable area with high growth rates, so the change from the last revaluation may be significant.
- If you can document damage or factors that may decrease the value, consider an appeal.
- If you believe your value is accurate but taxes are too high, an appeal won’t help you. This process pertains ONLY to your assessed value.
To appeal:
- Use the form attached to your Notice of Assessment.
- Submit it by January 1, 2008.
- Document, document, document!! Just writing “too high” or “too low” on the form will not give staff enough to go on, so provide any documentation you have that will be helpful. For instance:
- Any recent (within the last five years) appraisals, market analyses, sales contracts or sales listings
- Copies of surveys or other pertinent data
- Photographs of any structural damage
- Data on recent sales in your area for property that is similar to your own
More detailed information about filing an appeal will be included with your Notice of Assessment.
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