If the assessed value (tax value) of my property is higher than its true market value, can I appeal to the county to have it lowered? What is the chance of my success in doing it?
Yes, you can appeal to have your property re-assessed to lower its property tax, but your chance of success is very small because you have to prove that the county’s assessed value was based on error or misapplication of the schedules, standards, and rules used in the appraisal. Furthermore, the North Carolina Supreme Court rules that a change in appraised value in years other than revaluation years must have a statutory basis; i.e., there must be statutory authority for the change. The court further explains: “As a practical matter, adjustments to a property’s valuation each time a sale occurs, which are higher or lower than the property’s octennial or horizontal valuation, would cause an unmanageable burden on county resources. Additionally, it would create inequity between those taxpayers who sell between general reappraisals and those who do not…
Related Questions
- If the assessed value (tax value) of my property is higher than its true market value, can I appeal to the county to have it lowered? What is the chance of my success in doing it?
- How can citizens appeal the assessed value of their property to the Klickitat County Board of Equalization?
- Top of page 10.Will the assessed capital value of a property be the same as the open market value?
