Given the current real estate market conditions in Maryland, many people are finding that their tax assessed value is higher than the current market value really is. While we have to pay our real estate taxes, that doesn’t mean we have to over-pay either. I’ve seen assessed values that were over twice the fair market value in Baltimore City, Baltimore County, Howard County, Montgomery County and Anne Arundel County. Many city assessor’s try and get it right, however there are many times that it’s just plain wrong.
According to the Tax Payer’s Union 30 to 60 percent of taxable property is over-assessed in Maryland. Yet typically less than 5 percent of Maryland taxpayers challenge their assessments. The process is relatively easy if you follow the proper procedures.
We’ve helped homeowners save hundreds, even thousands of dollars per year by teaching them the process and steps needed to take to get their tax assessed value lowered.
The first step to lowering your property taxes is to have a Maryland Certified Residential Appraiser complete an evaluation of your property. So, if you are serious about lowering your property taxes, please contact us at 443-765-5422 or www.MarylandAppraisal.com.
Tags: Property Tax Appeal
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