Are you overpaying property taxes? If you're like most homeowners, you probably glance at your tax bill and assume the government got it right. According to the National Taxpayers Union Foundation, that assumption could be costing you hundreds—or even thousands—of dollars each year, as assessment errors occur in 30-60% of properties.
Yet most homeowners never challenge their assessments. Here are the five most reliable indicators that your property taxes might be too high and what to do about each one.
5 Warning Signs Your Property Taxes Are Too High
#1: Your Assessment Jumped More Than 10% in One Year
Property values can fluctuate, but dramatic increases in a single year are often tell-tale signs. If your assessment spiked as much from year to year, there's a good chance something went wrong in the assessment process.
#2: Your Taxes Are Higher Than Similar Homes in Your Neighborhood
If your property taxes are significantly higher than comparable homes on your street or in your immediate area, that's a strong indicator that your assessment might be incorrect.
#3: The Assessor Has Incorrect Information About Your Property
Sometimes the problem is simpler than you think. Your property record might list your home as having more square footage, bedrooms, or bathrooms than it actually has. Or it might show improvements that don't exist, like a pool or finished basement.
#4: Your Home's Condition Isn't Reflected in the Assessment
Assessments are supposed to account for a property's condition, but sometimes they don't. If your home has significant issues—like an old roof, outdated systems, or structural problems—but your assessment suggests it's in excellent condition, you might be overpaying.
#5: Have similar homes in my area sold for significantly less than my assessed value?
Your property's assessed value should roughly align with what similar homes in your area are actually selling for. If homes like yours are consistently selling for significantly less than your assessed value, that's a strong indication that your assessment is off.
What Should You Do Next?
Start gathering documentation: your property record card, recent sales data, and photos of condition issues. Most states have specific appeal deadlines, so timing matters.
If you'd prefer to focus on your life while we handle the complexities, Sutro Homes will prepare a complete appeal package tailored to your property and jurisdiction for a flat $50 fee. No percentage cuts, no hourly billing—just professional results.