It Pay$ to check your Tax Appraisal

By
Real Estate Agent with Royal Shell Real Estate - The Koffman Group SL 3310397

It Pay$ to check your Tax Appraisal

                     Taxes!!!

A client who purchased a home a few months ago sent me an email recently regarding his property tax appraisal. He was alarmed when he saw what his home had been appraised at for tax purposes. He asked me to provide him with some recent comparable sales so that he could take the info to the tax assessor and request a reduction of his taxes.

I was happy to help a prior client with his real estate needs. I told him the market has been improving but the tax assessor seemed overly optimistic or was using homes that had more upgrades than his. I pulled up data for comparable sold listings. The prices were in the range of $200,000 to $210,000. He took this information to the tax assessor and sent me an email today…

"I just saved a bunch on my Tax Re-Assessment!"  LOL.
THANK YOU for your help!  Believe it or not, the tax appraiser's office actually agreed with me after they saw the WHOLE picture (and somehow I stayed calm...LOL).  They came down from $234,400 to $209,000…$4,000 more than I paid in November, but a heck of a lot less than the $234,400. THANKS AGAIN for your help!

In Williamson County, TN, the property tax assessor takes 25% of your total tax appraisal as the assessment amount and then applies the tax rate. If your tax appraisal is higher than it should be, you will be overpaying. It Pay$ to check your Tax Appraisal

If you are buying or selling in Williamson County, TN (Brentwood, Franklin, Spring Hill, Thompson’s Station) I would be honored to help you with your real estate needs. Please give me a call at 615-504-1185. In the meantime, you may want to search for Homes for sale Brentwood TN or other areas.

 

It Pay$ to check your Tax Appraisal

Comments (4)

TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good evening, Jill. You are right! I check my tax bill every year. Money looks better in my pocket than in the governments.

May 01, 2014 10:33 AM
Jill Winchel
Royal Shell Real Estate - The Koffman Group - Cape Coral, FL
We make it easy. You make it home.

Michael...Yes, everyone should check the numbers. Some appraisals have inaccurate square footage which leads to overpayment of taxes, too.

May 01, 2014 10:45 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

This is a great service to offer our sphere. You save them money and then they remember that when they are ready to sell. Better yet, they tell all their friends what a great agent you are and how you helped them. Kudos to you.

May 02, 2014 02:20 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Jill, It sure isn't that easy in Clarksville. They will argue and want the property owner to produce an appraisal as proof.

May 04, 2014 12:43 PM

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