You be surprised on how many people do not contest their property taxes or don't even know you can. When I purchase a property of course the only way I do is if it's a good deal. Being local In Cleveland its much easier than an out of town investor. So when I buy of course I always look at the counties value off of the County web site. Here it's on the Cuyahoga County Authors site. My purchase price is always lower than the Counties value. Here we can contest values once a year January-April. Once you file the paperwork you will have a meeting with the Board of Revision and present your evidence. Here your trump cards are your HUD statements and purchase agreements. They have to honor those purchase prices on that statement. BUT I SAY BUT be very careful. They want to know if you know the seller any way at all. If you do know the seller by chance it could throw a wrench in your argument. They're assuming your lying since you know the person. They can not prove you know the seller so that's up to you if you tell them the truth or not. I told them I knew the seller on one of my purchases and was honest about the purchase price and they gave me hell for no reason. Once the hearing is done your decision will be emailed and mailed to you. As long as you came with the HUD and Purchase Agreement you will not lose. I've contested all of my 44 properties and never lost. For our properties and our out of town investor partnerships we handle the tax contesting. We understand that RETURNS MATTER. So on average fighting these taxes we increase our returns from 2-5%. That's a significant amount. The country does reevaluate the taxes every 3 yrs. But they have never raised my taxes drastically from what I fought it to be lowered to, if they raised them at all. So investors fight for every angle you can. It's your money increase those returns!Good luck investing (THESE ARE EXAMPLES OF LOWERING TAXS IN THE CLEVELAND OH ARE) Tips: if your unsure of filing hire an attorney. I did all paperwork myself because when I first started money was tight. I also wanted to learn the process. the process the the system. But now I also bring an attorney, the board of Revision see