Property Tax Appeals

A residential appraisal for property tax appeal is an independent, objective assessment of a property's value, to support a property owner's appeal of their property tax assessment. The primary goal of this appraisal is to provide evidence that the assessed value of the property is excessive or incorrect, and therefore, the property taxes should be reduced.

Counties typically appraise residential properties for tax purposes using a combination of methods and data which include:

1. Data collection: The county assessor's office collects data on the property, including:

   • Property characteristics: size, age, location, number of bedrooms and bathrooms, and other features.

   • Sales data: recent sales of similar properties in the area.

   • Market trends: changes in the local real estate market.

2. Mass appraisal method: Counties use a mass appraisal method, which involves valuing a large number of properties using a standardized approach. This method uses statistical models and computer algorithms to estimate property values.

BN Appraisal Services expertise, objectivity and credibility will provide an independent and unbiased opinion of a property's value that can be used to support a tax dispute claim.