Taxes Doubled On Property - Has Anyone Gone Trough the Appeals Process?

[AJ Satcher]

Hey BP Community!

So I got hit with a triple whammy on taxes. I bought a house-hack last summer in which the sellers made significant improvement to the property. The tax assessment last year was based on the home's prior condition but fast forward to this year and the taxes have doubled. Not only that, but I missed the homestead exemption deadline. AND I missed the tax appeals deadline for my county.

This one hurts and I am definitely going to have to bite the bullet on this one. Learning moment for sure. But I want to know if anyone has had any luck with the tax appeals process? And if so, what exactly would you go about appealing? Any other related advice would also be appreciated!

Thanks!

[John Clark]

Quote from @AJ Satcher:

Hey BP Community!

So I got hit with a triple whammy on taxes. I bought a house-hack last summer in which the sellers made significant improvement to the property. The tax assessment last year was based on the home's prior condition but fast forward to this year and the taxes have doubled. Not only that, but I missed the homestead exemption deadline. AND I missed the tax appeals deadline for my county.

This one hurts and I am definitely going to have to bite the bullet on this one. Learning moment for sure. But I want to know if anyone has had any luck with the tax appeals process? And if so, what exactly would you go about appealing? Any other related advice would also be appreciated!

Thanks!

I doubt the seller’s improvement changed the taxes. The sale price did. You can’t argue that it’s not worth the price you paid. Get your homeowner’s exemption in place for next year. Look for comparable properties and find out what they are assessing at for next year.