To go through the process of contesting your new property valuation, start here. You will need your Account Number (also known as the Schedule Number). To find this number, click on this link and enter your address. Here are a few notes, and below, you will find a video where we go through (and explain) the process ourselves.
- The value of your property is based on how it existed on January 1, 2021, but based on the market value as of June 30, 2020. A bit confusing, huh? Maybe this example will clear it up: Let’s say you were working on an addition to your home, and it was completed on December 31, 2020. Your new property valuation would consider your home with the addition but based on the market as of June 30, 2020.
- You have the right to protest the new valuation based on properties that have sold between July 1, 2018, and June 30, 2020.
- Yes, the protest may result in a decrease in your property valuation (which would reduce your property taxes). Still, you should also know that by submitting a protest, you are opening up the possibility that the value ends up higher than the new valuation.
