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Property taxes are generally based, in part, on the assessed or market value assigned to a property by the applicable taxing authority. If you believe your property's assessed value does not accurately reflect its market value, you may have the right to challenge the assessment through the applicable property tax appeal process. Before pursuing an appeal, property owners should review their assessment and become familiar with the procedures, deadlines, and documentation requirements established by their local taxing authority. If you believe your property has been overvalued and an independent valuation is required or would be useful in supporting your appeal, DiCicco & Associates can provide a professional residential appraisal based on an independent analysis of the property's market value. A professional appraisal provides an independent opinion of market value supported by research and analysis of relevant market evidence. As part of an appraisal assignment, we may analyze factors including: Recent comparable property sales Current competing listings Property location and neighborhood characteristics Site size and characteristics Gross living area and functional utility Age, quality, and condition Renovations and improvements Views and other location influences Market conditions and trends Differences between the subject property and comparable properties The objective is to determine a credible opinion of the property's market value as of the applicable effective date. Property owners may conduct their own research before deciding whether to appeal an assessment. Online property records, recent sales, tax information, and other publicly available data can be useful when evaluating whether an appeal may be appropriate. However, when DiCicco & Associates is engaged to perform an appraisal, we conduct our own independent research and analysis. Information provided by a property owner may be considered as appropriate, but it does not replace the appraiser's responsibility to independently analyze the property and relevant market evidence. Our appraisal reports are developed for the specific intended use and in accordance with applicable professional standards and assignment requirements. Property tax appeal procedures, filing deadlines, documentation requirements, and hearing processes vary by jurisdiction. Depending on the circumstances, an appeal may involve: Reviewing the property's current assessment Researching the applicable appeal requirements and deadlines Gathering relevant property and market information Obtaining an independent appraisal when appropriate Submitting supporting documentation to the applicable taxing authority Participating in an administrative review or appeal hearing, if required An appraisal establishes an independent opinion of market value; it does not guarantee a reduction in taxes or a particular outcome from the taxing authority. Property owners should confirm the applicable requirements directly with their local property appraiser, tax assessor, value adjustment board, or other appropriate governmental authority. DiCicco & Associates provides residential property tax appeal appraisal services throughout Southeast Florida and Metro Atlanta. With more than 25 years of residential appraisal experience, we understand the importance of carefully analyzing comparable sales and the characteristics that distinguish one property from another. Our reports are prepared with an emphasis on credible market evidence, independent analysis, and clear communication of the factors considered in developing the final opinion of value. When appropriate for the assignment, we can also assist clients by providing professional testimony or explaining the appraisal analysis during an assessment appeal proceeding. If you believe your property may be over-assessed, start by reviewing your assessment and the appeal procedures applicable to your property. If you determine that an independent appraisal would be appropriate, contact DiCicco & Associates to discuss your specific circumstances. Professional. Independent. Market-Supported. DiCicco & Associates provides Certified Residential Appraisal services throughout Southeast Florida and Metro Atlanta. |
