It may be time for you to submit a tax appeal relating to your home. If you purchased a home from 2005-2007, there is a fairly good chance your property value has gone down. The means you should be able to submit a tax appeal to your county assessors’ office.

Go to the Internet and enter key words – tax assessor county state (in which your property is located) – there you will be able to locate information on the assessment appeals process. It generally involves an analysis of sales data similar to your home and an estimate of value that supports your claim of a lower assessment value. Lower that value, and it lowers your tax amount.

An Automated Valuation Model estimate (AVM) will use sales from around the area near your home; apply statistical analysis modeling techniques to estimate current value. If this value is lower than you assessed value, submit it to the assessor and let them know you want a reduction in your property taxes. It could save you hundreds or perhaps thousands of dollars each year. You won’t know unless you try it. Check it out at www.homesmartreports.com main webpage.