Property taxes can be among a homeowner’s largest expenses. In 2018, property taxes on the nation’s 87 million U.S. single family homes increased 4% to $304.6 billion, reaching an average of $3,498 per home, according to property data firm ATTOM Data Solutions.[Read more…]
As tax bills arrive this time of year, many consumers may find themselves thinking that property taxes are too high – and some research supports that sentiment. According to the National Taxpayers Union, a non-profit advocacy organization, 30 to 60 percent of properties in the U.S. are over-assessed.
For owners who decide to appeal their property taxes, it’s important to be sufficiently prepared.
While many people enjoy the benefits of homeownership, some of those individuals also find themselves wanting to appeal their property taxes. In fact, the National Taxpayers Union estimates that 30 to 60 percent of properties are over-assessed.
However, homeowners who are considering property tax appeals should be prepared with all the necessary information.