NYC property tax appeal attorney

 

Property value is increasing along with time. This is the main reason on why you can see an increase in property taxes as well. If you are a renter, you will not be able to take advantage out of it. Owning your home in Texas can deliver numerous benefits to you. On the other hand, it can also deliver multiple responsibilities to you. Property taxes would be an inevitable part of property ownership in NYC. You will have to keep on paying property taxes every single year. The amount that you have to pay would vary depending on the value of the property you own in NYC.

When will you need to hire a NYC property tax appeal attorney

Paying property taxes is not the most appealing thing for a property owner. In fact, the property owners prefer to refrain from paying property taxes as much as possible. However, you should still consider it as one of your responsibilities because the taxes you pay would eventually contribute towards the betterment of the society. For example, property taxes you pay would be used to fund the schools and other services available in NYC for you.

There are certain situations where you will notice that you are being asked to spend more money on property tax than previous years. This is a situation that you need to be mindful about. In such situations, you have all the rights to challenge the property taxes that you are being asked to pay. All you have to do is to go through the property tax appeal process. This process is also known as property tax protest.

If you can go through the property tax appeal process successfully, you will get the opportunity to cut down the property taxes that you have to pay. However, you will not be able to go through this process on your own and receive positive results. That’s where you will need to make sure that there is a NYC property tax appeal attorney by your side. You can make your life easy as you go through the process because there is an experienced service provider that you can rely on. All you have to do is to share your basic information with related to property taxes, and the property tax appeal lawyer will take care of the rest. If your case is a legitimate one, you will be able to end up with securing guaranteed results in terms of reducing the property taxes that you have to pay.

Why should you appeal for property taxes?

Before you hire the NYC property tax appeal attorney, you should have a solid understanding on why you should appeal for it as well. Here are some of the major reasons available for you to appeal for the property taxes.

-          The property you own is overvalued

Property prices in NYC is much high when compared to the property prices in other regions of the country. However, there can be situations where your property is overvalued when compared to the others in the region. Due to the same reason, you will be asked to pay higher property taxes every year. Instead of paying higher taxes in such a situation, you should work along with the best property tax appeal lawyer in NYC and try your best to get the property taxes reduced. The appeal process will be able to benefit you if your property is genuinely overvalued. The lawyer can guide you throughout this process and help you to receive guaranteed results with reducing the value of your property. Then you can experience lower property taxes.

-          The assessment has errors

The county appraisal district would go ahead and determine the value of a property. There are numerous factors that they take into consideration at the time of determining the value of a property as well. For example, they take a look at the size of the home and the improvements that are associated with the home. Storage heads, swimming pools, and all other structures that you have at home would contribute towards the value of the property. As a result, you will have to pay higher taxes as well.

Assume that you are having a two-bedroom house. However, the appraisal would indicate that as a three bedroom house. In case if the appraisal doesn’t describe the property in the right way, you will have to file an appeal, so that you can correct the errors. You cannot do that on your own. You should have a NYC property tax appeal attorney on your side as you proceed with this appeal. Then you can get the positive results that you are looking forward to receiving.

How much do you have to spend to file a property tax appeal?

There is no need for you to spend your money to file a property tax appeal. This is a service that is available free to you. In case if you are not satisfied, you can appeal the decision at a state agency or a court of law. However, you will have to deal with a filling fee in here. The fee would be determined by the rules of the county that you are living in.

You should also understand that this process can contain some other expenses. For example, if you are going to hire an appraiser on your own, you will have to pay to the appraiser. On the other hand, you will have to pay for the property tax appeal attorney as well. This will not be a waste of your money. That’s because you will get the opportunity to receive worthy returns from the lawyer who is working with you. It will provide you the chance to make your life easy with the reducing the property tax payments.

What information do you need for property tax appeal?

You need to provide some basic information with related to you and your property, so that you can proceed with the property tax appeal. All the information should be filled in the Form 50-132. If you are going through this form for the very first time, you will have to deal with an overwhelming situation. This is where you may think about working along with an attorney.

The property tax appeal attorney can guide you throughout the process of filling the form. You can provide all the information with related to you accurately in the form. This will help you to keep the form away from getting rejected. On top of that, you can get your appeal of reducing property tax accepted as well.