This month, Tony’s Tip addresses your real and personal property assessments – and how to respectfully and proactively discuss value with your assessor.
August 13, 2018
TRY THE INFORMAL APPROACH!
Most assessors do not appreciate an assessment being challenged just before the deadline to appeal. Rather than causing a stir, why not contact the assessor’s office and arrange a tour of your facility? Explain that you would like to discuss next year’s assessed value, and would like to gain an understanding of how your facility is assessed, so that you can feel the assessment is justified.
After meeting with your assessor, if you still have strong feelings about the property being over assessed, contact a reputable consulting firm and ask them to complete a market analysis. It shouldn’t cost much and should give you firm footing to approach the assessor on an informal basis to discuss your assessment. If the market analysis ends up justifying the assessment, you will at least feel more comfortable about it and get back to your real job!