Are You Paying Too Much In Property Taxes?
Have you heard the latest buzz?
According to the American Homeowners Association, due to decreasing property values in many areas, it is 60% more likely that your property taxes are too high.
There are several steps homeowners should take to investigate whether or not their property taxes can be lowered:
- First, get your detailed property tax assessment record online or from your assessor’s office. Check the accuracy of the details of your home used in the tax assessment.
- Check with a real estate agent to get a solid understanding of what homes are currently selling for in your community. Professional agents will have the most up to-date statistics on local market values.
- If errors have made your assessment higher than it should be, first try working directly with the assessor. If the correction cannot be made informally, you will need to make a formal appeal. Keep in mind there is usually a narrow window of opportunity in which to file an appeal. Some jurisdictions set specific times every year to hear appeals, while others only consider appeals for a few months after your house has been reassessed.
Be certain to maintain fastidious records during the entire process. Proper documentation can be critical in supporting your case.
You may also be eligible for property tax exemptions ranging from a senior citizen or active duty military discount, to discounts for those who own livestock, depending on your municipality.
Mary Laskaris can be reached at (302)383.9644.
Prudential Fox and Roach is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.
Mary Laskaris has been a knowledgeable resource for Real Estate matters in Delaware and Pennsylvania for over 30 years. She has negotiated over $300 million in sales during her impressive career. Mary has been continuously recognized as a Member of the President’s Circle and recipient of the Leading Edge Society award for Prudential Fox and Roach Realtors and is ranked in the top 5% of Real Estate agents in the United States. Her personal approach and high level of service is what Mary’s clients say makes her a great choice when choosing a realtor.
Mary Laskaris, Realtor 302.383.9644
Diane Penna, Realtor 302.598.9088
Corby Spruance, Realtor 302.530.1898
Kristi Prosceno, Team Manager 302.426.6187
“Mary has been so patient and understanding of my needs. She is truly a pleasure to work with.” ~ Chris C.
“Not only was Mary sensitive to the emotional aspects of the situation she was knowledgeable and professional in all aspects of the technical end.”~ Michael L.
“Thank you Mary for the much needed guidance and support, you are the best.” ~ Melania S.
“Mary was so helpful…this was our first house and we felt at ease the entire time.” ~ Peter B. & Amanda R.
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