When a property is on the market the owner will have one price in mind and the buyer has another price in mind. This is when the negotiating takes place and when the individuals involved determine the sale price and what they are willing to settle for. We all know that the negotiated sale price can change very quickly. The difficulty for the assessor is to analyze the recorded sale for all sold properties and translate them into a quantifiable measure to apply to all properties. After the tax bills are mailed, taxpayers seeking adjustments to their assessed valuations may wish to file for an abatement.
State law regulates the abatement process.
Your only appeal window is the month of January. Late applications are automatically disqualified. You are appealing your assessment, not your taxes so you must pay your 3rd quarter tax pending your appeal. At the same time you can look at the variety of information available to help you determine whether your assessment is fair and equitable. The staff at the Assessors' Office will be happy to assist you.