Fight property taxes: Should you appeal your property assessment in Westmoreland County, Pennsylvania?
House owners in Westmoreland County are fully knowledgeable about the burden of property taxes; those that have invested their lives in locations 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 a long time, as they have actually seen firsthand the taxes rise year after year. The bad news is maybe overpaying your home taxes and be completely uninformed. Here are some common reasons individuals are overpaying their homes tax.
Is your Westmoreland County house over evaluated?
A high home assessment is the main reason that people appeal the dollar amount they are paying on their property taxes. In many cases, individuals feel that the assessment placed on their property does not reflect the market value must they attempt to offer it today. The most convenient way to find this out is to contact some local real estate agents. They must be able to inform you the variety of worths similar residential properties are selling for in your location. Keep in mind, the actual market value of your home will not be known until a sale is closed. When you receive your property assessment, you will be offered a 30-day window in which to appeal any valuation. Otherwise, you will need to wait up until next year to appeal.
Can you get the real market value of your property?
It is probably worthwhile to get in touch with a regional realty agent or your assessor in Westmoreland County, Pennsylvania. If you feel your property has been severely misestimated, a professional assessment could prove very cost-efficient in the long run
Most do not know you are not permitted to contest your tax bill in Pennsylvania, however you can undoubtedly lodge an assessment appeal, bear in mind that despite how you feel about the costs, if you do not pay, it can lead to the foreclosure of your house.
To effectively appeal, you will require to show a minimum of three similar properties that have been assessed at a lower assessment value. The closer these properties are in size and location to yours, the greater the opportunity of success you will have on appeal
Particular circumstances that may have lowered the value of your residential property
If there are exceptional circumstances that directly result in the decrease of your property value and these are not accounted for in your assessment, these are clear premises for appeal. Just offer evidence of these scenarios, and the appeals process should be straightforward.
You have recently purchased your home in Westmoreland County, Pennsylvania for less than the assessed value
If you have proof of the purchase price of your home or you have a recent appraisal that does not show the dollar amount your home has actually been assessed at by the assessor, this is clear grounds for appeal. If a professional evaluates your home much lower than that of the assessed value, this is significant proof to back your petition. You can always request a new appraisal despite the fact that this will cost a few hundred dollars it could be worth it in the end. Fortunately is that you do not need to accept a high property assessment; you can always appeal and get them decreased in the process.
How do you contest your real estate assessed value in Westmoreland County?
Every State has their own criteria for real estate assessment appeals. Something they all have in common; the only argument that they will accept is that your home has actually been evaluated higher than it deserves. As your Westmoreland County real estate 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 property assessed value. Your only avenue of approach is to show your home is not worth the value the assessor thinks.
Upon receiving your home assessment, your county will give you a predetermined window in which to appeal. These can differ significantly 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 nothing you can do, and you will be required to wait an additional year for an opportunity to appeal your property assessed value!
The fastest and easiest way to submit an appeal in Westmoreland County is to do so on the website of your county, town or city. The charges related to each request can differ dependent on the preliminary value of your house assessed value. The cost of an appeal varies could be as little as $10 to $100, depending upon where you live.
The first step in the procedure is to ensure that your regional tax assessor has included the appropriate home information to start with. In many cases, details may be incorrect such as, houses have actually been lifted with basements that don’t exist; such examples are wrong and might lead to your home value being lowered immediately. The more information that you can gather regarding why you feel your home is miscalculated, the stronger your case for an appeal.
If there are no clear problems with the information on your property, you will need to find information of comparable homes in your community that are assessed at a lower value. This will be the easiest way to show your case. You will want to find three or four residential properties 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 grounds 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 contacted us to enable you to provide the details you have actually gathered in support of your claim. You will likewise be permitted to analyze any false info that might be on file about your home. You must be prepared for this hearing and have all the information you have actually gathered about similar homes and sales of similar homes in Westmoreland County.
Be prepared for the tax assessor to argue his/her counter-argument. One of the most popular ones here is that your home in question is more contemporary than the ones you’re comparing it to. Be prepared for such an argument because if you get to this point, the Assessor believes you are not deserving of a reduction in assessment and will want to win his/her case by elaborating on the facts to support their case. It’s is always essential to keep in mind that there are no additional penalties connected to filing an appeal; the worst result being that your property assessment is the same.
Is it worth filing an appeal?
If you truly feel that your home has been miscalculated, an effective appeal of your Westmoreland County property assessment value might result in considerable savings. If there are just a few hundred dollars of possible cost savings, it might not deserve your time. You also need to consider that the hearing could be arranged during a workday, which may lead to a loss of revenues. 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 appropriate arrangements to minimize wage loss.
Property Tax Valuation - How to Calculate
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?