In the United States, local governments that impose property taxes classify property into two major categories, namely, commercial and residential. The distinct differences between the two will influence their assessment methods, their fair market and assessed values, and their property taxes. Let’s then take a look at property tax for commercial versus residential. 

Did you know that you only have 15 minutes or so to present your case during a hearing on your appeal of property tax? You must make a favorable impression on the hearing officer within the allotted time. You should then be as well-prepared as possible to present your side including reliable and admissible evidence.

In accordance with House Bill 202 (HB 202), property owners and taxpayers have the right to access relevant information from the Board of Tax Assessors (BOA). Said right can be exercised in several ways and can be done in relation to questions regarding a property tax increase – or more appropriately, questions about the assessed value of subject residential or commercial property.

The key to a winning appeal against the Gwinnett County Tax Assessor is a cost-efficient, results-driven game plan that can involve many things such as getting to know the tax assessor to planning the appeal. You will find that good preparation and organization can mean the difference between a winning and losing appeal so start on your game plan now!

One form of supporting documentation when you want to appeal property taxes is an independent appraiser’s report. You should ask a property tax consultant in this matter because of its importance in your appeal. But here’s a few FAQs you should know, as the owner. 

One of your first steps in fighting a property tax increaseis gaining information about the factors that affect it. You will then have the opportunity to act on the factors within your control, which is better than worrying about the factors beyond your control. You will find that, in doing so, your tax bill can be significantly reduced. 

Are you an owner of a residential or commercial property? Are you having problems with property tax management, such as delinquent taxes or high assessments? If you answered yes to either question, then you should look into the best real estate tax services.

Are you planning to appeal property tax on your real property? You must check the property cards for your home and your neighbors’ homes. You don’t have to worry about getting this since the information can be easily and lawfully obtained.

Know the basics of how to appeal property tax to increase your chances of winning! You’re well-advised, nonetheless, to hire a property tax expert well-versed in the complicated process. You may have the basic knowledge but not the comprehensive knowledge, ample time, and personal relationships with the county staff for it.

Most taxpayers are familiar with income taxes but not with property taxes. This is such a shame considering that property taxes can be burdensome yet can be significantly reduced! Here are 5 tips on how to lower property taxes even before the annual notice of assessments are sent by mail.