In Phoenix , Scottsdale, Fountain Hills, Peoria and the rest of Arizona home values have declined sharply over the last 3 year.
Unfortunately, property taxes in the majority of Phoenix area cites have gone up as Maricopa County Tax assessors measured property values based upon the previous years in which home prices have gone up.
It is not unheard of for Maricopa County Tax Assessors to review certain are
as or make a blanket review of real estate values during declining markets.
However, if you live in Phoenix, Scottsdale or Paradise Valley or any of the cities that make up greater Phoenix don't wait for the proverbial ‘phone to ring'.
Property taxes are determined by the home's assessed value multiplied by a local tax rate.
If you bought a home and real estate values have dropped from the time you purchased your house this may be the time to challenge the Maricopa County Arizona Tax Assessor and seek a reduction.
According to the National Taxpayers Union "just just 10 percent of homeowners nationwide protest their property assessments, but many more could benefit from a challenge.
"It depends on the jurisdiction, but there are accounts of properties being 30 to 60 percent over-assessed," says spokesperson Pete Sepp.
An estimated 30 to 50 percent of appeals are successful, says Sepp. "People shouldn't be intimidated by the appeals process - it's like traffic court. Think about it as if you're protesting a parking ticket," he says.
For many, if your home has dropped $50,000 in value then it is a little victory to save $50/month.
However, If you want to learn more before you challenge your Arizona property taxes you can read "How to Fight Property Taxes"
If your are ready to challenge your property taxes go to the Maricopa County Tax Assesor department web site and fill out an online AZ Residential Tax Appeal Form.
You can also file tax appeals for Arizona commercial real estate and raw land in Arizona.
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Copyright © James Wexler *Challenge your Phoenix Arizona property taxes and save money *
Contact James Wexler (480) 221-8080 for your Phoenix AZ| Scottsdale AZ Real Estate needs
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the cutoff for 2008 is already gone and passed but you can start the process to make your claim for 2009. It works !