If you’re upset about a significant rise in your taxes, I encourage you to appeal them. Learn how to do that right here.
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What can you do about that? Well, you can do nothing and continue to pay the taxes, or you can appeal your tax statement. To do this, you must go to the county tax department in November and December and let them know that you wish to appeal. They’ll have you fill out a form which costs around $265 to file.
Then, between January and February, you must provide evidence to a board of volunteers which is usually comprised of normal people who aren’t tax experts. After you plead your case to them, they’ll make some type of ruling about whether they’re going to lower your taxes or keep them at the current assessed value.
It’s really not difficult to appeal. If you’re upset about a significant rise in your taxes, I certainly encourage you to appeal to lower them because you’ll not only save money for that year, but also every year thereafter.
If you have any questions about this or other topics, I’d be glad to assist you however I can. Just give us a call or send an email. Until next time, happy holidays!
Today’s topic is all about property taxes: how they work, and how to appeal them.
Back in 1997, Oregon passed a measure which cut the real market value by 10% to start evaluations. Real market value is the value you can reasonably expect to get when selling your home.
Along with this, the assessed value of a property can only increase by 3% per year. This being the case, the values of homes have many times increased more than 3%. For example, over the last two years, they increased 10% per year. This has caused quite a variance between the assessed value and the real market value.
In most cases, the assessed value is less than the home’s actual value. In some cases, however, there comes a time when your tax man comes around and evaluates a whole section or whole area of properties at once, and the whole value may jump substantially. At that point, you’ll realize that your property taxes are going to rise significantly.
Back in 1997, Oregon passed a measure which cut the real market value by 10% to start evaluations. Real market value is the value you can reasonably expect to get when selling your home.
Along with this, the assessed value of a property can only increase by 3% per year. This being the case, the values of homes have many times increased more than 3%. For example, over the last two years, they increased 10% per year. This has caused quite a variance between the assessed value and the real market value.
In most cases, the assessed value is less than the home’s actual value. In some cases, however, there comes a time when your tax man comes around and evaluates a whole section or whole area of properties at once, and the whole value may jump substantially. At that point, you’ll realize that your property taxes are going to rise significantly.
You’ll not only save money for that year but also every year thereafter.
What can you do about that? Well, you can do nothing and continue to pay the taxes, or you can appeal your tax statement. To do this, you must go to the county tax department in November and December and let them know that you wish to appeal. They’ll have you fill out a form which costs around $265 to file.
Then, between January and February, you must provide evidence to a board of volunteers which is usually comprised of normal people who aren’t tax experts. After you plead your case to them, they’ll make some type of ruling about whether they’re going to lower your taxes or keep them at the current assessed value.
It’s really not difficult to appeal. If you’re upset about a significant rise in your taxes, I certainly encourage you to appeal to lower them because you’ll not only save money for that year, but also every year thereafter.
If you have any questions about this or other topics, I’d be glad to assist you however I can. Just give us a call or send an email. Until next time, happy holidays!
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