Property Tax Valuations and Challenges

Phoenix Real Estate Attorney

Many property owners now are paying property tax based on a value from 2000 to 2006 despite the collapse in property values in 2007. Since 2007, tax revenues have declined and so local governments press assessors to keep assessed property values as high as possible. As a result if you are to have your assessed value brought down to align with its true value, you need to take action. For effective help in this matter you are urged to contact a Phoenix real estate lawyer.

Real Estate Lawyer in Phoenix Assists with Lowering Assessed Property Values

Schern Richardson Finter assists property owners paying too much property tax due to inflated property values. We have served the Phoenix area since 2003. When a client contacts us, we energetically assist in getting their property reevaluated for tax purposes.

An appeal may be done in two ways. First, the property owner may appeal directly to the tax assessor. This must be done within 60 days of the mailing of the notice of valuation. Second, the property owner may appeal to the Arizona Tax Court. This must be done before December 15 of the year of the tax valuation.

The Appeal

It is necessary to provide evidence that the valuation is too high. It may be sufficient to provide a broker price opinion containing such data as the property style, age, lot size and square footages and other particulars of the property. It is best though to have a formal appraisal done with comparisons to comparative sales in the area. It is also important to have a qualified attorney assist you to make your case.

If property is currently overvalued, it is well worth the effort. Some people asking for reevaluations of their property are receiving reductions from 40% to 65%.

Contact a Phoenix Real Estate Attorney at the firm for vigorous representation in challenging your property tax valuation.