Bayport, MN · Member since 2018 · 92 posts · 52 votes
7y
Is this a commercial or residential property?
I got the 2019 proposed value of one of my residential properties (a 20 foot by 130 foot vacant lot) cut in half this year. I had to go to the board of appeal and equalization meeting that took place in May. It was made of the city council members and the property assessor for the county. I explained why I thought the proposed value was too high. A few days later the assessor came out and met with me at the property. About a week later he called me and said yep, we are lowering it to this value, which was less than the 2018 value.
If I didn't agree with his new value, I could have appealed that to the county board, then to tax court.
Bayport, MN · Member since 2018 · 92 posts · 52 votes
7y
Is this a commercial or residential property?
I got the 2019 proposed value of one of my residential properties (a 20 foot by 130 foot vacant lot) cut in half this year. I had to go to the board of appeal and equalization meeting that took place in May. It was made of the city council members and the property assessor for the county. I explained why I thought the proposed value was too high. A few days later the assessor came out and met with me at the property. About a week later he called me and said yep, we are lowering it to this value, which was less than the 2018 value.
If I didn't agree with his new value, I could have appealed that to the county board, then to tax court.
Ok. So what do I type in the google search? Property tax decreasers? Property tax negotiators?
Property Tax Appeal Firm
Some might be firms that do this, some might be law offices. Find someone that is familiar what you are working with. Some charge a flat contingency , ie 20-30%. You might be able to get a break on a larger asset that has upside in tax savings. And some will have a fee that carry into subsequent years so just know what you are doing. The companies i have worked with are not national, all local, maybe a general region or possibly state but most know how to work the counties they are familiar with so maybe thats why there isn't national cos ( or are , i just don't know enough )