What Is a Property Tax Assessment?

  • by:
  • Source: US News
  • 09/20/2022
Many homeowners have witnessed considerable increases in property value over the past few years. According to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, home prices increased by 18.9% in 2021.

Along with the meteoric increases in home prices, property tax bills have shot through the roof, with an average increase of 18%, according to a report from home service provider research company House Method.

But according to the National Taxpayers Union Foundation, just 5% of assessed taxpayers ever initiate an appeal.
Home by Tierra Mallorca is licensed under Unsplash unsplash.com

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