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The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes her tax bill is way too high. What option does Sidney have?
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The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes her tax bill is way too high. What option does Sidney have?

User Tobias Willig
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Answer:

Depending on the reason why Sidney requested the appraisal, she has two options:

  1. If Sidney got the appraisal because she thought her property taxes were too high, she can file a complaint with her local board of assessment review (BAR) in order to get her taxes reduced.
  2. Or if Sidney wants to sell her house she could appeal the appraisal amount and request a reconsideration of value.

User YjyJeff
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