Once the tax rates are set each fall, we will calculate the tax value reduced based on the reduction in assessed value achieved.
For example if the assessor appraised your home at $100,000 that would equate to a beginning assessed value of $19,000. If based on our appeal, your appraised value is reduced to $70,000 that would bring the assessed value down to $13,300 ($70,000 x .19). The result is a difference of $5,700 ($19,000-$13,300). This reduction in assessed value will result in your tax bill being $399 less. Any senior tax credit received by the client is applied after our reduction to the assessment and does not negate the savings that we accomplished.
