Challenging Property Taxes in Cuyahoga County
I'm wondering if anyone's had success lowering their property taxes and if so, what were the steps they took to be successful?
Property taxes can be a huge impact on your cash flow based on the city you buy in. From what I understand if you buy a distressed property at a good deal and the county has the home valued higher than what you purchased then you have got a good case for the county to lower it to your purchase price.
I'm going through the process for the first time now. Here's what I did:
1. Used county records to see what the house is valued at https://myplace.cuyahogacounty.us/
2. Since I was able to purchase the home for $25K less than what was valued, I submitted a form through the county
https://treasurer.cuyahogacounty.us/en-US/contesting-property-value.aspx
Now I'm just waiting.
Let me know what experiences/ tips you may have with this. Thanks for your help
Thanks