Property Tax Reductions

[Evan Manship]

I have spoken with many investors about how they handle their property taxes and the overwhelming majority seem to appeal their annual assessment only when the value jumps a certain percentage (say 5-10%). There are also some who appeal each year with the thinking that they can justify some sort of market momentum slowing.

However, many investors are unaware that the system that generates their assessment is a convoluted mass appraisal which is constantly making errors in calculations which cost investors hundreds each year.

How do you investors particularly with large portfolios of properties make sure that you are being taxed equitably?