Property taxes are high and sometimes excessive. Recently I visited the Summit tax assessor’s office to question my own. They asked me to review the property record card for accuracy. This showed square footage, number of bedrooms, baths etc.
The total assessment is divided by the equalization ratio which is what the town considers to be the fair market value of a home. I told the assessor that I could not sell my house for that price.
They gathered some recent comparable sales and determined that my taxes were indeed too high. The land assessment is based on a value per acre and will not be adjusted. However, they were willing to reduce the improved value which reduced my taxes by $2,000!
