Abatement and Exemption Assistance
Abatement and Exemption Assistance
Helping homeowners identify and apply for relevant abatements or exemptions to reduce their property tax liabilities. This includes:
o Focused Market Research: Conducting a detailed analysis of the property’s area to evaluate market trends and ensure the assessment is in line with local property values. This research supports claims for abatements or exemptions by showing how the property compares to similar homes in the area.
o Applying the Appropriate Approach to Value: For residential properties and rental investment properties, applying relative valuation methods such as:
- Sales Comparison Approach: Comparing the property’s value to similar properties that have recently sold in the area.
- Cost Approach:Estimating the replacement or reproduction cost of the property minus depreciation, primarily used when comparable sales data is not available. This helps ensure that the property is assessed fairly based on the most relevant and accurate valuation methods.
