Tax Assessment

We just received our assessment notice on our house. Previously,  our home value was over assessed and I fought it and was able to get our tax assessment reduced by $17,000. This year, our assessment went way down and for that, I'm thankful. Our taxes will go down, which means more of our budget that we have allocated towards our home payments will go towards principle vs. taxes.  If you own a home, your assessment should be arriving shortly. If you feel your home is overvalued on the tax assessment, it is worth your time to fight it. If your home has increased in value since your last assessement:

1. Go to Zillow and see what your home is valued at (ballpark estimate here). This will also give you an idea of recently sold home or homes NOT selling in your neighborhood. Take notes.
2. If the assessment seems way too much, fight it. I did a written appeal, but you will see other options on your assessment notice. Tips on Fighting Your Tax Assessment
3. If your assessment has increased, accurately, by quite a bit, you may qualify for the Homestead Tax Credit

Good luck!