How to appeal Bethesda / Montgomery County Property Tax Assessment
If you have just received your Maryland property tax assessment in the mail, and are surprised to see a higher than expected valuation of your Bethesda, MD or nearby area home, it may be worth your time to appeal. If you have just received a “new market value” assessment (this is done every 3 years in Maryland), there is no time to waste. A link to the web site where you can find the form needed to appeal is below, and I will supply you with some ammunition.
The tax assessors take into account a variety of recent neighborhood sale factors. Perhaps your home is not as updated or upgraded as several homes nearby that recently sold at premium prices. The tax assessor doesn’t knock on your door to see if you just installed new kitchen cabinets, stainless steel appliances and granite counter tops.
There is no reason to pay more taxes than necessary. So if you feel the valuation is off, plan to make a written appeal, and if successful, that could save you some bucks over the next 3 years.
The first step in appealing is to prove that the true market value of your property is below the assessed value. I can help you in that process because I can access comparable property sales figures from the last few months which will show the current market value of your property, which is to say actual sales price of similar properties in the same neighborhood. That’s where I come in, with my offer of a complementary Comparable Market Analysis. Over the years, many Bethesda and area homeowners have been successful in appealing their property taxes with the information I have provided them.
For properties located in Bethesda, Chevy Chase, Kensington, Rockville or Silver Spring, just send me an email, with your property address. Be sure to include a description of the home, its condition, list of improvements or upgrades you have made, if any, and I will email back with the Comparable Market Analysis in a form that you can use for the appeal. Use the back of your new Tax Assessment Notice to file the appeal along with my CMA report.
For general information on the appeals process, check out the following web site:
http://www.dat.state.md.us/sdatweb/appeal.html
I am here to help, so give me a call or email me today!
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