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How To Appeal Over Assessed Property Taxes With the APP- Real Estate Tax Master

December 5, 2017

 

In an ideal property tax system, a government-appointed property tax appraiser assesses property and assigns value while taking into consideration  many complex variables. When assessments are reviewed by tax analysts and appeal tribunals a the question of fairness of the values assigned by the government appraiser is at issue. One of the clear indicators of value is the real estate fair market value.  This is known as the Market Approach to value. Most of the time the conditions and classification of property are not accounted by the government appointed appraisers or sometimes the property's valuation is not in line with the local real estate market. Thus a lack of uniformity in assessments of similar properties is likely. In both scenarios property values assigned by the government's appraiser or assessor result in the property's over-assessment and the owner has to pay increased property taxes. But as a property owner, how can you determine that the taxes you are paying are correctly evaluated? Moreover, how can you maximize property tax relief?

 

Real Estate Tax Master.COM (RETM), a website portal and an online evaluation tool for property owners in Cook County IL and the State of Florida. RETM is a web application that serves as a resource to better understand the Tax Assessment. It also works as a collaborative platform for lawyer and appraisers in Cook County to take control of the work-flow systems and be better equipped for arranging & filing their appeals.