Mohave County Property Tax Appeal

Appeal tax assessment: Should you appeal your property’s assessed value in Mohave County, Arizona?

Property owners in Mohave County are fully familiar with the concern of property taxes; those that have actually spent their lives in areas where these taxes are traditionally high feel the effect more than the majority of. The impact of these taxes can be even worse for those who have resided in their homes for some time, as they have seen firsthand the taxes rise year after year. However the bad news is maybe overpaying your property taxes and be entirely unaware. Here are some typical reasons people are overpaying their properties tax.

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Is your Mohave County property over assessed?

A high property evaluation is the main factor that individuals appeal the amount they are paying on their property taxes. In most cases, people feel that the assessment placed on their home does not show the market value must they try to offer it today. The easiest way to find this out is to contact some regional realtors. They must have the ability to inform you the range of values similar homes are selling for in your location. Remember, the real value of your property will not be known till a sale is finally closed. When you receive your property valuation, you will be provided a 30-day window in which to appeal any appraisal. Otherwise, you will have to wait up until next year to appeal.

Can you get the actual value of your house?

It is most likely worthwhile to contact a regional real estate agent or your assessor in Mohave County, Arizona. If you feel your property has actually been badly misestimated, a professional appraisal might prove really economical in the long run

Many do not know you are not entitled to contest your real estate tax bill in Arizona, but you can undoubtedly submit an assessed value appeal, keep in mind that no matter how you feel about the bill, if you do not pay, it can lead to the foreclosure of your home.

To successfully appeal, you will need to reveal at least 3 equivalent properties that have actually been evaluated at a lower value. The closer these residential properties are in size and location to yours, the higher the chance of success you will have on appeal

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Specific circumstances that may have actually lowered the value of your property

If there are exceptional situations that directly result in the decrease of your residential property value and these are not accounted for in your property assessment, these are clear premises for appeal. Simply offer evidence of these circumstances, and the appeals process ought to be straightforward.

You have recently bought your property in Mohave County, Arizona for lower market value than the assessed value

If you have proof of the purchase price of your home or you possess a current appraisal that does not reflect the dollar amount your house has been assessed at by the assessor, this is clear grounds for appeal. If a professional evaluates your property much lower than that of the tax assessment, this is substantial proof to support your petition. You can always order a brand-new appraisal even though this will cost a couple of hundred dollars it could be worth it in the end. The bright side is that you do not need to accept a high real estate assessment; you can always appeal and get them decreased in the process.

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How do you contest your house assessment in Mohave County?

Every State has their own criteria for property assessment value appeals. One thing they all have in common; the only argument that they will accept is that your property has been assessed higher than it deserves. As your Mohave County house taxes are determined basically by multiplying the assessed value of your house by its areas set tax rate, you do not have any grounds to appeal the tax rate just the house assessment. Your only avenue of approach is to prove your house is not worth the value the assessor believes.

On receiving your home assessment, your county will offer you a predetermined window in which to appeal. These can vary considerably from 30 to 90 days so your county appeal deadline is the first thing you want to determine. However, keep in mind if you miss this deadline there’s absolutely nothing you can do, and you will be required to wait an additional year for an opportunity to appeal your property assessment!

The fastest and simplest way to submit an appeal in Mohave County is to do so on the assessment website of your county, town or city. The costs connected with each appeal can differ depending on the initial value of your property assessment value. The expense of an appeal differs could be as little as $10 to $100, depending upon where you live.

The first step in the process is to guarantee that your local tax assessor has included the right property details to start with. In some cases, facts on your home may be incorrect such as, homes have been lifted with basements that do not exist; such examples are wrong and might cause your home value being decreased right away. The more details that you can gather regarding why you feel your home is misestimated, the stronger your case for an appeal.

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If there are no recognizable problems with the details on your property, you will need to discover information of comparable homes in your area that are assessed at a lower value. This will be the most convenient way to prove your case. You will want to discover three or 4 homes that are all the same size as yours, in the same location, whose value is much less lower than your property; this will be your premises for appeal.

In some areas, you’ll be asked to go to a real estate appeal hearing, so if this does occur, do not be frightened. In general, these hearings are simply called to enable you to provide the details you have actually collected in support of your claim. You will likewise be permitted to take a look at any incorrect details that may be on file about your home. You must be ready for this hearing and have all the information you‘ve gathered about similar houses and sales of similar homes in Mohave County.

Be prepared for the tax assessor to argue his or her counter-argument. Among the most popular ones here is that your home in concern is more modern-day than the ones you’re comparing it to. Be prepared for such an argument because if you get to this stage, the Assessor believes you are not deserving of a reduction in assessment and will want to win his/her case by embellishing on the facts to support their position. It’s is always important to bear in mind that there are no additional penalties attached to submitting an appeal; the worst outcome being that your house assessment┬áis the same.

Is it worth filing an appeal?

If you really feel that your home has been overvalued, an effective appeal of your Mohave County real estate assessment might lead to significant savings. If there are only a few hundred dollars of prospective savings, it may not deserve your time. You also need to consider that the hearing could be scheduled during a workday, which may result in a loss of profits. Find out as soon as possible when the hearings take place, and will it be a teleconference or in-person hearing. This way you can make the arrangements to reduce wage loss.

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Are Property Taxes Fair?

We have many obligations to face in life. And, one of these obligations is to pay different taxes like income tax, property tax and many others. Since we have many obligations and not just these taxes, we sometimes take paying taxes for granted. This will cause a very big problem to non-payers.

Not being able to pay your taxes, (property taxes in particular) may lead to the following problems:

You may lose your property or house. Unpaid property tax leading to delinquent property tax may lead to losing your property. However, there are still second chances given. So, if ever you are given more time to pay your delinquent property tax, find a solution for this right away or you may really end up losing your property. You may only be given two years to settle your unpaid taxes.

If it happens that your property is forwarded to the county treasury, more interests and fees will be added. There will be a collection of four percent administration fee and one percent interest per month.

Your property may be forfeited. This means you still have one year to settle your delinquent tax or you may lose your property altogether or have it foreclosed. Foreclosed properties mean you will not be able to get it back as it will be auctioned off to recover the pending dues.

Before all these problems occur, you should make an effort to settle all pending property taxes. Surely, you do not want to end up losing your property, do you?

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