Maximizing Your Property Tax Appeal: The Power of Private Appraisals by Definitive Valuations
As property values fluctuate and local governments adjust tax rates, many homeowners find themselves facing higher tax bills year after year. However, did you know that you have the right to appeal these increases if you believe they're unjustified? That's where Definitive Valuations comes in, offering you the expertise and support you need to navigate the property tax appeal process. Although there is no guarantee that your taxes will be reduced/changed, we can assist you in the process, and a residential real real estate appraisal will help.
Property taxes can rise for various reasons, including changes in market conditions, infrastructure improvements in your area, or even errors in the assessment process. While some increases may be inevitable, it's essential to ensure that your tax assessment accurately reflects the true value of your property. After all, why pay more in taxes than you should?
Fortunately, homeowners have the right to protest their property tax assessments if they believe them to be inaccurate or unfair. This process typically involves presenting evidence to support your claim, and one of the most compelling pieces of evidence you can provide is a private appraisal from Definitive Valuations.
Sources:
https://www.revenue.alabama.gov/faqs/what-can-i-do-if-i-do-not-agree-with-the-value-on-my-property/
https://comptroller.tn.gov/boards/state-board-of-equalization/value-appeals.html
So, why opt for a private appraisal when appealing your property taxes? Here are a few key reasons:
Accuracy: Our team of experienced appraisers at Definitive Valuations conducts thorough assessments of your property's value, taking into account various factors such as market trends, property condition, and comparable sales in your area. Our goal is to provide you with a precise valuation that reflects the true worth of your property.
Independence: Unlike assessments conducted by tax assessors, which may be influenced by budgetary constraints or other external factors, our private appraisals are independent and unbiased. We work solely to be the most unbiased party, ensuring that you receive a fair assessment of opinion of your property's value.
Customized Solutions: Every property is unique, and our appraisal process is tailored to meet your specific needs. When you’re appealing a residential property assessment, Definitive Valuations provides customized solutions designed to help you achieve the best possible outcome.
Expert Guidance: Navigating the property tax appeal process can be complex, but you don't have to do it alone. Our team at Definitive Valuations offers expert guidance and support every step of the way, from gathering evidence to representing our appraisal value in hearings or negotiations with tax authorities.
For Alabama residents:
Here is what the Alabama Department of Revenue says on their website: “The Code of Alabama 1975, Sections 40-3-20, 40-3-24, and 40-3-25 detail the appeals process. If you believe your property value is incorrect, you may file a written protest to the County Board of Equalization (BOE). Property owners are given 30 days to file an appeal after receiving written notice of valuation.”
For Tennessee residents:
According to the Tennessee Comptroller of the Treasury’s website, here is the process of a value appeal: “With limited exception, a disputed assessment must first be appealed to the county board of equalization of where the property is located or it becomes final. Contact the assessor in your county to appeal to the county board of equalization. Appeals to the state board of equalization from a local board of equalization must be filed on or before August 1 of the tax year, or within forty-five (45) days of the date notice of the local board action was sent, whichever is later.”
By leveraging the power of a private appraisal from Definitive Valuations, you can strengthen your case for a property tax appeal and potentially save hundreds or even thousands of dollars in taxes. Don't let unjustified tax increases drain your finances—take action today and ensure that your property taxes are based on accurate and fair assessments.
Ready to challenge your property tax assessment? Contact Definitive Valuations to schedule your private appraisal and take control of your property tax appeal process. Call us today at (256) 828-9275.
