Tax assessment decreased in error
I own a quadraplex and the county just did a reassessments of tax values. Mine just dropped from 150k to 50k. Everyone else in the county is complaining that their assessments went up by 75%-100%. I was expecting mine to go up to between 250k-300k. After looking over the assessment it looks like they entered a dwelling value of $0. The question is should I reach out to the county tax assessor and point out their error? or should I just enjoy the good luck until the next assessment?
I would feel the need to contact the municipality and inform them of the error. Not because I love taxes (quite the opposite) but because I wouldn't expect the government to go with an error in my favor once the mistake is eventually uncovered - because it probably will be at some point.
We already have a bunch of great ways to save on taxes that are fully within the bounds of the tax code. Can't get too greedy. As the saying goes, pigs get fat & hogs get slaughtered.