Should You Appeal Your Spokane County Tax Assessed Home Value?
In many of our recent home sales, we find that the current tax-assessed value is significantly higher than the current fair market value. (What a surprise!) With declining market values, it is not uncommon for assessed values to be $40,000 or more higher than today's actual market value.
If you believe this is true in your case, you may want to file a request with the Board of Equalization to have your property value reviewed. If your appeal is approved you will most likely save several hundred dollars on your annual tax bill. The process can take a little time but is not difficult.
You'll need to make your case by providing recent comparable sales data in your neighborhood. This is something that we can provide for you at any time. If you have purchased your home recently, you may also use the appraisal that was ordered by your lender at the time of purchase to support your case.
Tax exemptions are also available for seniors or disabled homeowners. Your local Board of Equalization is the place to start, and here are some helpful links for Spokane County:
If you have questions, or if you are just curious about the current value of your home, give us a call!