Guidance for Easier Property Tax Appeals: Insights from the Appraisal Institute

The Appraisal Institute has shared insights on simplifying the property tax appeal process for U.S. homeowners as they receive their property tax bills. The organization recommends working with their Designated Members to understand the local appeals process and explore potential options.
Appraisal Institute President Craig Steinley emphasizes the significance of hiring a qualified appraiser who adheres to industry standards and ethical codes. He explains that the ideal scenario is for a property's assessed value to align with its market value, as intended by property assessment laws. Steinley notes that tax assessors, typically elected officials, have no incentive to deliberately inflate assessed values and subsequently increase property taxes.
Different municipalities might have varying stages of tax appeals. Steinley advises homeowners to consult local appraisers who possess the expertise and knowledge required to navigate this process. He highlights that if errors occur in the calculation of property tax bills by local governments, homeowners have the right to appeal the assessment.
Collaboration between appraisers, property tax consultants, and specialized attorneys is common in tax appeal matters. This collaboration could significantly enhance the likelihood of a successful appeal for property owners.