When Is Best to Sign Up for An Assessment Review?

Written by Ron Kingsley, Lake County Appeal Owner, and Tax Attorney

5/20/20

 

Taxpayers Should Sign-Up Annually for An Assessment Review

Lake County Appeal’s residential clients frequently ask: Should I sign up every year? Our answer is always the same (regardless of whether we found a property to be assessed fairly in the previous year, or we filed a successful appeal): Yes, you should sign-up every year for the following reasons:

  1. Assessed values and home sale prices change each year. Each year, Lake County Appeal files hundreds of successful appeals for properties that we determined were assessed fairly in the prior year. Each year Lake County Appeal also files hundreds of successful appeals for properties for which Lake County Appeal got a reduction in the previous year.
  1. Our up-front fee is a small percentage of your Lake County property tax bill. Moreover, our long-term clients sign-up every year because one never knows in which year Lake County Appeal will be able to obtain a property tax reduction for them, but they have found that LakeCounty Appeal will eventually be able to. The property tax savings in that year will, in all likelihood, be far greater than the sum of the annual assessment review fees and the contingent fee, thereby putting the client way “ahead of the game”; and
  1. Appeal or not, taxes in Lake County are oppressively high, and the only way in which we, as taxpayers, have a direct say in how much we pay in property taxes is when we ensure the correct valuation of our properties. Our review service allows our clients to make sure that, although their taxes are high, they are paying their fair share and no more, which can bring peace of mind.