I do realize that you valuation can only be raised 10% per year with the exemption which can usually be offset in year one by protesting the taxes and using your settlement statement 

Banks want to protest their invested capital and if something goes wrong, and there is a lot of equity in the property, then the bank is more likely to foreclose to get their money and fees back, however, if there is very little equity in the property, the bank would rather the asset become performing again rather than take the property back and lose money so they may be more willing to work with you. 

:protest:

With me if the borrower wanted to protest a foreclosure, I welcome it with open arms because I will have my ducks in a row and the money in the bank to get the foreclosure done.

What are the chances you can successfully protest and get them lowered? 

No need to get an appraisal for a tax protest.

I've never seen a protest at a Trade School.  

I give up my right to require that the Lender do the following: to demand payment (called "presentment"); to notify me of nonpayment (called "notice of dishonor"); and to obtain an official certified statement showing nonpayment (called a "protest").The Lender may exercise any right under this Note, or under any law, even if Lender has delayed in exercising that right or has agreed in an earlier instance not to exercise that right.

Go for it, if you can do it.In my market, we can protest real estate taxes, but the results generally are not significant.

Although I will be protesting my taxes.