Hiring a Tax Consultant to Challenge a Real Estate Tax Assessment

If you think your local tax assessor may have overvalued your site, it may be a good idea to hire a company that specializes in appealing real estate tax assessments. When tax assessors overvalue assisted sites, they mistakenly assume that an assisted site's value is similar to that of nonsubsidized sites in the area. They may assess an assisted site as though it had the income and marketability of a nonsubsidized site, even though HUD regulations limit rental income and hold down its sale value.