Is it "common" to get taxes reduced?

[Miguel Nava]

I am looking to buy my second duplex in Cleveland. Taxes in the "Heights" cities are high. Is it too rare to have taxes reduced? What I mean is that some properties that are listed around $100,000 have taxes as high as $5,000. That is way more than what the this publication says. Is it possible to contest the taxes and have them reduce according to purchase price?

Thanks in advance,

Miguel

[Bob Collett]

Of course the desire for better cash flow is not grounds to win a complaint before the board. Get your realtor to run comps, and show the true value of your property. The folks on the board do this every day, so they will not be fooled... but they are fair, and if the fair market value is truly less than the stated tax value, then you will win.