Submitted by nlwric t3_1182vyw in personalfinance
I just got my 2023 tax assessment and it's gone up again. Home was built in 1983, I purchased in 2018 for $300K. 2021 assessment was $330K, 2022 was $389K, this year it's $430K. I know there's inflation and home prices in my area are up the last couple years. But going up $100K in 2 years? That seems bonkers.
Should I appeal? How exactly does that work? Aside from paying less taxes are there any other impacts of re-assessing at a lower value? I plan to live in this house for at least another 20 years while my kids are at home so any impact on sale price isn't relevant.