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Contact a local realtor to get some current comparable property assessments. You can also do this online. Compare these values to your home’s last assessed value. You can locate your previous property assessment on your annual property tax bill under the valuation information section. If the value is significantly lower, you may qualify for a lower tax rate.
Access your county tax assessor’s website to see if there is a charge for having your property taxes reassessed. Each county differs but most will reassess at no charge. The possible savings makes this well worth pursuing.
Find out how your county assessor determines property values. Some counties do a mass comparison with similar homes in the area. Some
do a complete home inspection; some merely look at the exterior. Depending on how your assessor determines value could put you at an advantage or disadvantage.
Contact your local tax assessor via phone or email. Many counties also have forms on their websites for reassessment that you can fill out and mail. Apply for reassessment and attach a copy of the comparables that you received. If you are within the proper assessment amount as the assessor determines, officials will determine it is not worth their time to come out and reevaluate. Also, be sure to ask if the process could possibly increase your taxable amount. A general rule of thumb is that the property tax is roughly one percent of the assessed market value.