It is amazing how many homes we go to that are over valued by the tax man. What this means is that you will be paying more money then you should for property taxes year after year until this is corrected. If you are not sure if your property is over valued, grab your most recient tax assessment then visit the link below to recieve a report on the market activity in your neighbourhood. Compare the recient sales that are similar to yours and if you believe that your assessment is higher then what some of these sales are you, may have a case for an appeal.
I have just come accross a good article below that helps to explain the process. If you have done the exercise above and would like to understand the process a little more, read this article titled Assessment Appraisal.
Please don't hesitate to contact me if you have any questions regarding real estate activity in your neighbourhood.