Appraisals for tax purposes, also known as property tax assessments, are an important aspect of property ownership. They determine the value of a property for the purpose of calculating property taxes, and it's crucial to have an accurate assessment to avoid overpaying on taxes. However, the process of getting an accurate assessment can be complex and confusing, especially for those who are not familiar with the process.

There are different types of appraisals for tax purposes, including a physical inspection appraisal, a desk review appraisal and a mass appraisal. Physical inspection appraisals involve an appraiser visiting the property and conducting an inspection. Desk review appraisals are done without a physical inspection, and mass appraisals are done on a large number of properties at the same time. Each type of appraisal has its own advantages and disadvantages, and the type of appraisal that is used will depend on the type and location of the property, as well as the local tax laws.

To prepare for an appraisal for tax purposes, it's important to provide the appraiser with all the information they need to complete an accurate estimate of the value of your property. This may include information about the property's condition, any upgrades or improvements that have been made, and any unique features of the property that may increase its value. Additionally, it's important to provide the appraiser with access to all areas of the property, including the attic, basement, and any outbuildings.

If you believe that your property has been assessed at an incorrect value, you have the right to appeal the assessment. The appeals process can vary depending on local tax laws, but it generally involves filling out an appeal form and providing evidence to support your claim. It's important to act quickly, as there are usually deadlines for filing an appeal.

In conclusion, appraisals for tax purposes are a crucial aspect of property ownership and it's important to have an accurate assessment to avoid overpaying on property taxes. By understanding the different types of appraisals, how to prepare for an appraisal and how to appeal an assessment if necessary, you can ensure that you're getting an accurate and fair estimate of the value of your property for tax purposes.

We can help you appeal your assessed taxes. Book an appointment with us today.