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Your real estate property taxes may be too high if:
You just bought your house at a "good price".
Your assessment increased and you don't know why.
A recent appraisal came in with a low market value.
Property values have gone down, but your taxes haven't.
Houses like yours sell for less than you paid. You haven't applied for a reduction in the last few years.
Thousands Overtaxed. Despite widespread reassessments, thousands of Hudson Valley property owners -- as many as one in three -- pay property taxes that are too high. Last year alone, more than 60,000 homeowners sought property tax relief by filing tax grievances. And now, with market values plummeting, it's more important than ever to file for relief.
Free Market Analysis. The tax grievance asks the local taxing authority -- your Town / City -- to reduce the assessment on which your property tax is based. If your assessment has changed or you're paying too much compared to your neighbors, ask us for a free, no obligation market analysis.
Fair Assessments - It's Your Right! Your right to a fair assessment is protected by law, and filing a grievance is the only way to get the right assessment and right market value for your property. You have nothing to lose, and could save thousands! Nobody comes to your home to inspect. And your assessment cannot go up because you filed a protest; it can only go down or remain the same. But you can only file once a year and the time to get started is now.
Outlook. Even though many Towns have reduced market values for the upcoming tax year, you could still qualify for a substantial reduction. Despite yearly reassessments, we recommend filing a grievance every year, even if you have a pending case or one recently settled. Property values continue to decline, but local real estate assessments have not decreased proportionately. Your home is worth less now and that lower value should be reflected in your tax bill!
Because of lower market values and the deepest recession in years, this year will be a particularly busy one for Local Assessment Assessment Review Boards. Experts predict a record number of grievances. The filing deadline is fast approaching. Miss it and you have to wait another year. So don't delay.
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