How to Lower Your Property Taxes: Tips for Montgomery County Homeowners
Tax season is just around the corner, and for Montgomery County homeowners, it’s the perfect time to review your property tax assessments. Property taxes are a major expense for many, but the good news is that you have the right to challenge your assessed value if you believe it’s too high. Here’s how you can potentially lower your property taxes and save money this year. 1. Understand Your Property Tax Assessment Your property taxes are based on the assessed value of your home. This value is determined by the county appraisal district and is supposed to reflect your home's market value as of January 1st. If you believe your assessed value doesn’t align with the market, you have the option to protest it. 2. Check for Errors Review your appraisal district’s records for your property. Look for inaccuracies, such as the wrong square footage, number of bedrooms, or even incorrect property type. These errors can result in overvaluation, costing you more in taxes. 3. Gather Evidence Prep...