Monday, September 8, 2008

Deadline to appeal city of Peoria Real Estate Taxes is Sept. 22!

If you didn't know already, there is only a 30 day window of opportunity every year in which to appeal your real estate tax assessment, and that time is upon us. Residents residing in Peoria, Kickapoo, Medina and West Peoria have only until September 22 in which to make a case to the Peoria Board of Review that they suspect they are being unfairly gauged by their real estate tax assessment.

The beauty of blogging is that after you have been doing it awhile, sometimes you can just link back to an earlier post instead of creating fresh content, so I will enjoy the liberty of doing that now. This post will explain the procedures step by step to offer you the highest chance of success in your tax appeal.

The key points to remember are that 1. you must have a basis for your complaint. Everyone thinks their taxes are too high but you must be able to serve up proof through comparable sales that your gripe is a legitimate one. The tax rate is non-negotiable, but your fair market value is. 2. The easiest way to get comparable sales is through a Realtor or appraiser that has access to the Multiple Listing Service. If you try to get your own comps on-line through the assessors office you will have a formidable task ahead of you. An MLS user can spit them out within minutes. So if you are already in a committed and loving relationship with a Realtor, give them a call. They should be happy to assist you. If you are not, this might be a great time to establish one.

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