Challenging Property Taxes in Cuyahoga County

[Luke Terry]

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