Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Tax Appeal - Increase after hearing?
I'm considering tax appealing 3 of my properties; 2 seem very high given my low [foreclosure] purchase price, but 1 can go either way since the neighborhood is gentrifying for that one.
Would I be shooting myself in the foot if I try and appeal the last property? The city hasn't had a reassessment in years and is happy so long as taxes get paid. If I try and appeal, and find out my taxes are low given this part of town is gentrifying, could they actually INCREASE my property tax? Advanced thanks.