It seems like every day that we turn on the television or open a newspaper, we are confronted with the reality of an unpredictable real estate market. In this economic climate, every dollar counts! Many residential, industrial, and commercial properties are over assessed, resulting in unreasonably high tax bills. It’s not uncommon for homeowners to inquire to their trusted Realtors at Everyhome about the possibility of appealing their tax assessment. On May 17th, in an effort to stay on top of the current state of the law, our dedicated Realtors attended a lecture by Attorney John Iannozzi from Hamburg, Rubin, Mullin, Maxwell & Lupin, P.C. regarding the assessment appeal process. Please note, that the Annual Assessment Appeal deadline for properties located in Bucks or Montgomery County is August 1st. If your property is not located in Bucks or Montgomery County, please check with your respective County Board of Assessment Office to confirm the annual assessment appeal deadline for the property. If you believe your property is over assessed, you may wish to consider appealing your taxes. It’s important to note that there are three possible outcomes when you appeal: your taxes could either decrease, stay the same, or even increase. As a result, it’s especially important to have the guidance of an experienced real estate attorney.
Our guest speaker, Attorney John Iannozzi serves as the chair of the Real Estate Tax Assessment Appeals Department for Hamburg, Rubin, Mullin, Maxwell & Lupin, PC. To contact Attorney Iannozzi or learn more about his practice, please click here.