How is PAR Residential’s fee calculated?
Once the tax rates are set each fall, we will calculate the tax savings based on the reduction in assessed value achieved. For example if the assessor appraised your home at $100,000 that would equate to a beginning assessed value of $19,000. If based on our appeal, your appraised value is reduced to $70,000 that would bring the assessed value down to $13,300 ($70,000 x .19). The result is a difference of $5,700 ($19,000-$13,300). This reduction in assessed value will result your tax bill being $399 less for 2011-2012, than it would have been if the appeal had not been successful. PAR Residential will bill you 50% of the $399 savings in November 2011-2012.
