Inland Associates Inc. May Assist In Reducing Your Property Taxes

Property Tax Grievance Guidelines vary widely by State and sometimes even by municipalities within a state. A successful real estate tax appeal in our market areas is based first and foremost on establishing the market value of your property. In order to reduce your property taxes you must prove that the value of your property is less than the valuation assigned by your assessing district (according to state law in NC and SC, the assessment is deemed to be correct, and the burden of proof, falls on the petitioner-homeowner to prove otherwise). A recent bona fide arms length sale of the subject property is the best evidence. If the property was not recently purchased, or the purchase was not at arms length (as in an inter-family sale, foreclosure or other sale made under conditions of distress), an appraisal by a state certified appraiser is the next best type of evidence, which is typically used to prove value of your home throughout the process.

North Carolina
Appeal Process Appeals are typically filed by the first Monday of April with the County Board of Equalization and Review.

South Carolina
South Carolina Department of Revenue What if I disagree with my property value? If after receiving your assessment notice, you disagree with the new value assigned your property, you have the right to appeal. An appeal must be filed in writing within 30 days of receiving the assessment notice. You must file your appeal with the county assessor. You should not wait until your tax bill arrives to appeal your new value; then it’s too late. If you appeal your property value and the appeal is not settled by December 31, you will be billed for at least 80% of the assessed value for the current year.

You may request in writing that you be billed for more than 80% in order to avoid paying interest should your appeal not be successful. The tax must be paid by January 15. Once the appeal is resolved, you may receive a refund or be expected to pay additional tax, depending on how the appeal is resolved. You must pay interest at the current prevailing rate on any outstanding taxes owed. Likewise, if your appeal is successful and your taxes are less than what you paid, the county will pay you interest.