Negatives to Appealing Your Property Tax Appraisal?

[kiz]

@Musicat

Without knowing if there was a blanket revaluation, I can’t tell if that is a one-year jump or several years. A reval revises ALL property values to bring them back in line with the market, and that might have happened in your case.

In my area, the assessed value (upon which the tax is based) does not change between revals unless there was a major alteration on the property, like building a house, adding a room or a successful challenge by the property owner. Revals can be many years apart; if the market is stable, there’s no reason to do one, which costs the town a lot of money.

I think that’s exactly what happened. The tax has gone up in $100-or-so increments every since the housing bubble. It wasn’t just me. I had a few neighbors who appealed back then, too. I don’t recall what their outcome was.

There’s also been a rash of remodeling in my neighborhood too. Almost everybody who’s bought into the neighborhood the past couple of years has got some kind of project going on. I know their taxes will go up when all is completed, but does that mean mine will go up too, even though my house hasn’t been touched in years?