Homeownership is one of life’s great highlights but ask homeowners about paying property tax and they’ll tell you it’s one of their least favorite responsibilities. Savvy homeowners and prudent buyers are probably aware of the property tax rates in their area, but they may not understand the factors that can drive their property tax rates up. We’re here to help!
One of these reasons might be to blame:
- Home Improvements
- Nearby Home Sales
- New Schools
- Higher government budgets
However, there are ways to protect yourself against property tax increases. One way is to appeal your home’s property assessment; and make sure your property records reflect the property’s amenities properly. If you do find mistakes, notify the assessor’s office and have the record corrected.