Current News
The Deadline to File An Appeal of the Value Used to Establish 2010 Property Taxes is April 30, 2010Only a few years ago, property values were increasing at a breathtaking pace. Rapid appreciation encouraged aggressive borrowing and lending, accelerating residential and commercial development and fueling even greater appreciation. As we are all painfully aware, the upward spiral could not be sustained. As mortgage defaults and foreclosures exploded in number, the swift rise ended. In many locations home values dropped, or even plunged. Commercial properties are suffering the same fate. Now is the right time to examine the assessor’s valuation of your property. The likelihood that the assessor’s estimate exceeds the fair market value has greatly increased and so has the likelihood that you are paying more than your fair share of real estate taxes. If local government responds to declining values and budget pressures by raising tax rates, you will pay an even bigger excess over what you should pay. An appeal can save you money now and protect you into the future. When property values recover, the assessor will make upward adjustments from a lower starting point. An appeal can positively influence your real estate taxes for years to come. You have until April 30, 2010, to file an appeal to challenge the estimated market value established in 2009 used to determine the tax due in 2010. Taxes must be paid on a timely basis throughout the appeal. If the appeal is successful, you will receive a refund and future year’s taxes will be calculated using the reduced estimated market value obtained by the appeal. The April 30 deadline is approaching. Moss & Barnett can help you evaluate whether you should file an appeal, complete the necessary filings, coordinate with valuation experts, negotiate with the assessor, and, if necessary, pursue the matter in court. (March, 2010)
Related Firm News and Articles
Moss & Barnett Congratulates Its Attorneys Listed in The Best Lawyers in America for 2010
(Spring 2010)
The Return of Seller Financing: Contacts for Deed As An Option in Today's Struggling Real Estate Market
(Fall 2009 Firm Newsletter)
Moss & Barnett Congratulates Its Attorneys Listed in 2009 Rising Stars
(Summer 2009 Firm Newsletter)
Skyrocketing Property Values Return to Earth - Property Taxes May Not: What You Can Do to Make Sure You Are Not Overtaxed
(Spring 2009 Firm Newsletter)
The Deadline to File An Appeal of the Value Used to Establish 2009 Property Taxes is April 30, 2009
(April, 2009)
Brian Grogan Elected to Moss & Barnett Board of Directors and Glen Schumann and Betsy Kiernat Appointed as Adjunct Directors
(January, 2009) |



