Real Estate Appraisal Service Detail

Assessment Appeal Services

There are as many different procedures for appealing assessments as there are property taxing districts, so it's important to work with experienced professionals. HMS Associates will conduct an independent, third-party report based on our own evaluation. Tax assessments are calculated from property values that may have been recorded some time ago, when it is possible property values were considerably higher depending on the property and when it was assessed. The lag between the current market value and the value at the time of assessment could mean a higher tax burden than is warranted. Media reports indicate dramatic increases in the number of tax appeals being filed in municipalities across the country. A tax appeal can remedy the situation, and a professional appraisal could determine whether an appeal is warranted.

The deadline for filing an appeal with the Tax Commission in New York City is March 1st and in New Jersey the deadline for filing is April 1st. The appeal requires the applicant to indicate how much he/she thinks the property is currently worth. Information on the appeal process for New York City can be found here and here for New Jersey. For information on the appeal process in other municipalities, please contact us at info@hmsassociates.net and we will be happy to assist you.