Property tax grievance is a formal complaint filed against a town’s assessed value on a particular parcel of property based upon comparable sales. The town places a value on every property. ie – $600,000 – if we can prove your home is worth less than that value, we will accept your grievance. You can grieve your property taxes every year. The value of your home is directly related to the fluctuating real estate market therefore your homes value has the potential to change every year. There are two levels to a property tax grievance. First we submit the paperwork to the town’s board of assessment review (BAR). Then, if necessary, we go to the small claims court level (SCAR).
Defining property tax Property tax is an ad valorem tax on real estate that is computed by a local government and paid by the property owner. Normally, the tax is based on the property value, and this includes land. The local government uses the assessed tax to finance public schools, sewerage and water supply improvements, [...]