My TOP TEN FRANKLIN STORIES OF 2018: #3 dealt with local reassessments that, of course, have an effect on local property taxes. In my blog I noted:
Advantage Credit Counseling Service, Inc. (ACCS) is an agency that provides private, confidential budget, credit counseling as well as a special debt management program.
They dedicated a very informative page on their website to reassessments. Some of the key highlights:
- As many as 60 percent of properties across the country are over assessed, according to the National Taxpayers Union.
- Homeowners can lower the assessed value of their home by filing an official appeal with the assessment office.
- However, only 2 to 3 percent of homeowners actually attempt an appeal, and usually only 20 to 40 percent of those appeals are successful.
So what’s it like to even attempt to fight an appraisal?
Today’s read is a gem from a watchdog columnist with the Dallas Morning News. Here’s a brief excerpt:
Yeah, I’m nervous. I’m sitting in my property tax protest hearing, and I’m outnumbered. Five of them. One of me.
My stomach is queasy. My voice sounds weak.
Then the nerves are replaced with little anger pangs. I don’t like what I’m seeing.
Read the entire column here.