Property Tax Appeal
Compares a home's assessed value to recent sales and estimates what an appeal could save each year.
Open the Property Tax AppealStep by step
- 1
Enter the assessment
Type the assessed value, the assessment ratio, the tax rate as a percent or in mills, any exemptions, and the home's square feet.
- 2
Add comparable sales
Enter at least 3 sales with a price and square feet. Add up to 6 with Add a sale; the address is optional.
- 3
Set the time frame
Under More details, choose how many years of savings to count and any appeal filing cost.
- 4
Download the PDF
If you like, pick a client and property in the Client & property menu above the button so the PDF says who it's for. It doesn't change your numbers. Download the Property Tax Appeal Estimate PDF with your name, photo and phone on it; it saves to the Results tab.
- 5
Send it to clients
The Share tab has your branded link for this calculator, with buttons to copy, text or email it. Clients can run it there on their own.
Reading the results
The calculator takes the median price per square foot of the sales and multiplies it by the home's square feet. That market value, times the assessment ratio, is the proposed assessed value.
If the sales support the current assessment, it says so and shows no savings. Otherwise you see savings per year and over the years you chose, plus tax now and tax if the appeal wins.
Estimates to check
Savings aren't guaranteed; the assessor or board decides. Use sales the assessor would accept as comparable.
What the PDF has
The assessment, a table of the sales with price per square foot, and the result if the appeal wins.
On your branded page
Clients can run this calculator on your branded page, techybroker.com/b/{handle}, under Selling. To download the PDF they give a name and an email or phone. That adds them to your clients, and their runs and downloads show in Activity.
Questions
Why does it say the sales support the assessment?
The market value from the sales, after the assessment ratio, isn't lower than the current assessed value. An appeal likely won't lower it.
What are mills?
Some areas quote tax rates in mills, dollars per $1,000 of value. Switch Tax rate as to Mills and the number converts.
Does it use the home from my client?
If you open it from a client's property, the square feet fill in. Everything else you enter.
Related
See a property's past tax bills and assessments, the trend and a five-year projection. Add neighbors to see if the assessment looks high.
Works out the property tax credit between buyer and seller at closing, for areas that pay taxes in arrears or in advance.
Every PDF you download is saved, so you can preview it, download it again with your current brand, or reopen it with the same numbers.