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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |   February 5, 2007  |   Appealing an Assessment Can Be Worth It
Experts say appealing a tax assessment isn’t particularly difficult and it can significantly reduce what a home owner pays.

Procedures are unique to each community, but Stanley J. Fineman, president of Wilkes Artis, a Washington D.C.-based real estate law firm offers this advice that is true everywhere.
  • Start by calling the tax assessors. Ask how the property is assessed and discuss your specific concerns.
  • Make sure the assessors have the correct physical description of the house, including the proper square footage and the correct number of bathrooms and bedrooms.
  • Tell the assessors about things that an inspection from the outside the home doesn’t reveal, such as the leaky basement, the crack in the foundation, or other problems that can’t be easily resolved.
  • Point out other homes in the neighborhood that are of a similar in size and quality, but have lower assessments.

Source: The Washington Post, Dina ElBoghdady (02/03/2007)

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