Tax Appeal Season Opens in Many States

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article from Appraiser News:

Appraisers have opportunities in many states to perform appraisals on both residential and commercial properties for the purpose of helping to determine the proper assessment (and ultimately, the tax burden).  For some reason, many appraisers have not familiarized themselves with the rules and regulations (i.e. effective date of the appraisal, deadline for filing, mandated approach to value, etc.) in the various assessing jurisdictions within which they work.  In addition, the manner in which these rules and regulations are implemented can vary from one municipality to the next within a state with some assessors more flexible (i.e. allowing submissions outside of the prescribed period for filing) and others strictly adhering to the deadlines.

Appraisers within areas of high property taxes obviously are likely to have more opportunities to perform tax grievance or tax appeal appraisals than those in areas of low tax burdens.  Benjamin H. Harris and Brian David Moore, in a recent study for the Tax Policy Center of the Urban Institute and Brookings Institution, discussed the uneven level of residential property tax burdens.  Some of their findings:

~Property taxes are a major source of revenue for local governments, accounting in 2011 for 34.6% of total revenues and 63.9% of local own-source revenue.  Property taxes account for at least 30% of local revenue in most northeast states with many states in the south and west reporting substantially lower rates.  An exception: Texas with 32% of revenues coming from property taxes.

~Counties with average annual tax burdens of more than $8,000 are all located in either New York (Nassau, Rockland and Westchester) or New Jersey (Bergen, Essex, Hunterdon, Morris, Passaic, and Somerset).  Eight states (mostly in the south) had average annual property tax obligations of less than $1,000.

~The portion of property taxes attributed to residential properties as compared with commercial/industrial properties has risen from approximately 1/2 to 2/3 in recent years.  Residential property taxes now account for approximately 25% of the cost of homeownership.

~As a percentage of home value, residential property owners in 36 states paid between 0.5% and 1.5%.  Residents of 3 states (Delaware, Hawaii and Louisiana) paid 0.5% or less while those in 11 states (Connecticut, Illinois, Michigan, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Texas, Vermont, and Wisconsin) paid more than 1.5%.

A link to the Urban Institute and Brookings Institution report (which cites sources and provides more detailed breakdowns by state) is found here: Residential Property Taxes in the United States

In addition, here is a link to a CNNMoney interactive map displaying the tax burdens in over 3,000 counties throughout the United States: Property Taxes: How Does Your County Compare?

About Us

Spero Appraisal Services specializes in Property Tax Appeal appraisals. Contact us and ask us how we can help.

William Spero
IL Certified Residential Appraiser – 708-287-9400


This entry was posted on Saturday, March 8th, 2014 at 4:49 pm and is filed under general. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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