If you got your Notice of Assessment (that official looking form that says THIS IS NOT A TAX BILL) in the mail you will have seen a reduction in your Assessed Value, which could possibly lower your 2010 property taxes. Some have even come with an estimated reduction highlighted in yellow, very cute, our government has become marketing savvy. If you have not received it you will in the next few days. This is great, but don’t be fooled or content.
As real estate housing values have plummeted, assessors have made “blanket assessments” for each market. These assessments have reduced your State Equalized Value (SEV) and if this is lower then your Taxable Value (TV) your property taxes will be reduced for 2010. This is a step in the right direction, but it is not unique to your house or your particular situation. Even though there was a reduction, it may not be enough.
The deadline is fast approaching to have the right to appeal your propery taxes. Let www.weappealpropertytaxes.com review you situation at no cost to you, apply online. If you miss the deadline, you are stuck possibly not paying your fair share, happily.