Having an appraisal that shows your home’s value is less than its assessed tax value is one of the most powerful pieces of evidence you can bring to the tax appeal process; unfortunately, appraisals costs money and there is no guarantee your appraisal will be lower than your property’s assessed value.
Our practice charges anywhere from $300 to $500 for most residential property appraisals, so deciding on whether to purchase an appraisal requires some subjective cost benefit analysis.
The higher the potential assessment discrepancy the smaller the relative cost of ordering an appraisal.
Regulation prohibits us from providing an opinion of property value without completing the full analysis required of an appraisal; however, we can (and would be happy to) provide you with a range for what a specific property type sold for in a given neighborhood over the prior 12 months—just give us a call or send us an email.
If you are a homeowner in Washington, DC and would like to order a residential home appraisal for property tax appeal purposes click here.