If you are an Arizona property owner, then you are probably familiar with your property valuation. These assessments come to an owner by U.S. mail and reflect the value that the local tax office is going to use to calculate property taxes. If you are concerned that your assessment is too high, you may have reason to be; an inaccurate valuation could end up costing you significantly more money. Here is what you need to know about your Arizona property valuation:
When Appealing Makes Sense
Although it may be difficult to accept, not every property tax valuation warrants an appeal. There can be valid reasons for a valuation to increase. However, not all valuations are accurate, and your home may have been over-valued. If you are uncertain about your Arizona valuation, it is best to meet with an experienced Arizona, real estate attorney who can help you evaluate your situation and consider whether or not you should appeal.
Appealing Your Property Valuation
As an Arizona property owner, if you disagree with your valuation, you can appeal in various ways:
- Under Arizona law, a property owner can appeal to the County Assessor within 60 days of the date the Assessor mailed the Notice of Value.
- If the owner elects to skip this step, he or she can appeal directly to the Arizona Superior Court as either a tax or a small claims case.
- If the property owner completes the Assessor Appeal, they can:
- Ask for a meeting with the Assessor’s Office; or
- Only supply evidence.
- The Assessor will then decide by a specific date, or the two can settle.
- If the property owner doesn’t like the Assessor’s decision, they can file with the State Board of Equalization (SBOE) or appeal straight to the Arizona Superior Court.
- If the property owner goes to the SBOE, a hearing will be scheduled, and a mediator will hear the issue.
- The SBOE then makes a final decision on the value.
- If the owner disagrees with the decision, they can file in the Arizona Superior Court.
Contact and Arizona Real Estate Attorney
Appealing an Arizona property tax assessment is complicated, and there are different rules and requirements at each stage. Although specific processes may seem informal, each one has the potential the impact your case. Before you begin any appeal process, it would be best to consult with an experienced Arizona attorney to discuss your concerns and learn more about how the process works in your county.
Laura B. Bramnick is an Arizona real estate attorney with the expertise to help with all aspects of your Arizona property valuation matter. If you are seeking an exceptional, client-driven real estate lawyer in Scottsdale, Phoenix, Sedona, and throughout the State of Arizona, contact Laura B. Bramnick to schedule your consultation.