If you’ve been an Arizona homeowner for the last few years, chances are that you’ve been paying the same tax (or more) on your property, despite the current downturn in home prices. There’s a good chance that your home has not appreciated in value, and could have actually depreciated in value, yet you are still paying taxes as if it’s worth more. Unfortunately, you may be paying much more property taxes than you should be! This is where tax assessment appeals appraisals come into play.

If you feel that your property is overvalued after talking with the local tax authority, an independent third-party appraisal from One Appraisal Group can often be your best option to prove your case that you are being overtaxed on your home. Tax assessment appeals appraisals essentially help determine if your home is undervalued, compared to the value you are being taxed at.

One Appraisal Group conducts a very thorough investigation of your property’s value by analyzing market trends and data to provide an opinion of value at the date of the statutory valuation. Tax assessment appeals appraisals can be determined by either the sales comparison approach, income approach, and cost approach.

Property tax assessment appeals should be handled by a professional appraisal company who specializes in this particular type of appraisal. One Appraisal Group has decades of experience in property tax assessment, and we often serve as expert witnesses in such cases.

Once tax assessment appeals appraisals are completed, they are reviewed by judges and tax authorities. More times than not, these officials will ask the appraisers about the items in their appraisal reports. A well-written and properly developed appraisal report is essential to a successful assessment challenge, so it’s important you hire a complete professional company like One Appraisal Group.

If you feel like your property is undervalued compared to what you’re currently paying in property taxes, give us a call to discuss your situation. We provide free quotes and can answer any questions. Call us at (480) 382-2362 for more info.