Property Tax & Appeals

Do you believe your residential or commercial property tax assessment is inaccurate, or that your property taxes too high??  If your answer is yes, then you should contact us to discuss filing a property tax appeal.

Is Your Property Assessment Inaccurate?

A tax assessment is based on the county’s estimation of the value of your property. If that assessment is inaccurately calculated or is based on an estimate that is higher than the actual current fair market value of the property (which happens often when the real estate market fluctuates), the resulting tax bill will be too high and unfair to the property owner.

Unfortunately, the majority of taxpayers never even question the county’s estimation of value; they simply continue to pay the tax bills they receive year after year. They have no idea that they may be getting overcharged, and so they never consider their options.

“Assessment” Does Not Equal “Estimate of Market Value”

The reason many taxpayers don’t realize their assessment is excessive is because most people don’t know how to interpret their tax bills.  It is a little-known fact that the “assessed value” on your tax bill does not represent the county’s estimate of your property’s actual market value.

In fact, the assessed value is only a percentage of your county’s estimate of fair market value.   So an assessment value that “seems low” to you does not mean that the county is using a low estimate of your property’s value to calculate your tax bill.  Depending on calculation used to come up with the assessed value, the county’s estimate of value may be much higher than you think.

At Peak Legal Group, we help property owners throughout Chester County, Delaware County and Montgomery County understand how their taxes are being calculated.  If we find that their assessments are too high, we help them challenge their incorrect assessments through the appeals process.

Important Dates: Property owners may file annual appeals between May 1st and August 1st of each year to challenge their existing assessment.  Any revision in the assessment will become effective for the following tax year.  For new construction or for additions, renovations and demolitions, property owners may file an “interim appeal” within 40 days from the date they receive a notice of revised assessment.