Local property tax commissioners are confronted with a major
challenge in placing a Market Value on the many thousands of properties within
their jurisdiction. They use a mass appraisal technique which is a rather broad
brush approach to evaluating the properties in their property tax database.
This works well and is fairly accurate for most properties; however, there are
many properties that suffer from the lack of an accurate property tax
evaluation. All property tax departments make allowances for appeals when
property tax values are considered in excess of Market Value by the property
owner. The property owner, or his or her representative, is usually allowed to
go to a meeting and plead their case before a local board where disagreements
exist. Appearing before such a group is futile unless the property owner is
armed with evidence to support his position. Prior to appearing before such a
group, a Property Value Analysis should be performed by a professional
appraiser. If it is determined that a mistake has been made, an appraisal
should be developed reflecting the true Market Value of the property. This
appraisal should be taken before the board as evidence of the property’s
accurate Market Value.
ELLIOTT® is capable of providing a Property Tax Value
Analysis anywhere in the United States. We have experience with tax cases and
understand what is needed to help the property owner get a fair hearing. Call
us for a no obligation conference.