What are the requirements for an abatement of real property taxes?
A taxpayer may contest his or her tax liability on specific grounds: Overvaluation – the assessed value is too high. Disproportionate Assessment – (pertains to entire property classes, not any individual unit or development). Improper Classification – for instance, a property is classified as commercial land when it is actually residential land. Statutory Exemption – the property is exempt from taxation based on use.
