A pending tax grievance is an attractive selling point. Buyers may be more inclined to pursue a property if the taxes could be reduced.
Enter a price into the calculator to see if your client could benefit. Price could indicate sale price or list price.
Property taxes are supposed to be based on market value. The more a home is worth, the more taxes the homeowner pays. If the assessment is too high, the homeowner is paying more taxes than they should.
The equalized value is the value the municipality has placed on the property for taxing purposes – it is the value the municipality is taxing the property as though it were worth.
Note: analysis is based on the most current publicly available information, which may be behind the current tax roll year.
To successfully grieve property taxes TRS must prove the market value of a home. TRS cannot use neighboring taxes as a basis for a tax grievance case for a number of reasons, including STAR and Enhanced Star exemptions, veteran’s exemptions, and flat-rate fees.
All data is based on public information compiled from Town, County, and State offices.