Property Taxes Too High? Here's How to Fight the Tax Man

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My neighbors appealed their property taxes and won. They persuaded the city to lower their home's assessed value from about $600,000 to $550,000. Since lowering your property tax assessment saves you money for years to come, here's an approximation of their five-year savings:

My Neighbor's Property Taxes Over 5 Years

Assessed Value Tax Bill
$600,000 $31,511
$550,000 $28,885
BIG SAVINGS= $ 2,626

If you absolutely cannot spend the time it takes to appeal your tax assessment yourself, many property tax consultants and tax attorneys will take these cases on a contingency basis. If you lose your case, it costs you nothing. That should tell you how good your odds of winning are - since lawyers don't generally like to work for free.

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