Save Big Money on Your Property Taxes: Fight Your Assessment

Home values have dropped significantly, but the assessments for property taxes haven't necessarily been decreased because of it. Tracy talks on CNBC's On The Money about when and how taxpayers should challenge their assessments to save big money.

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People & Blogs

Tags:

• property taxes
• property tax assessment
• real estate assessment
• tracy coenen
• tracy l coenen
• on the money

[rax7]

man, i just bought a house. i had to pay $6300+ property tax each year. and now, i just received a letter, it goes up to $6800+. man, each month is like $570. plus house maintenance, gas bill and other stuffs. it cost sway more than just renting a house each month. at least, you dont need to worry about anything when renting an apartment.

[komondor2]

I agree with 99% of what Tracy says, however, the assessor has an assessment date which is usually about a year from the date of the datre the value goes out. Some states call it a lien date, others the assessment date. Also, I would suggest homeowners request their property record cards which contain the data that generates their value before they invite the assessor inside. Perserverence is very important. I am a tax rep and most towns make you jump through many hoops.