You’ll want to move relatively quickly upon receiving the news that your property has had an inexplicable jump in value. You usually have 60 days or less from the time your assessment was mailed to you. The period of time you have to file an appeal should be mentioned in the paperwork associated with your assessment or on the assessment itself. The sooner you file the appeal, the better – this is a long process.
Though it seems like we're getting weekly reports that the economy has ceased its nosedive, the nation's homeowners aren't out of the woods yet when it comes to mortgages and the value of their homes. As any homeowner can tell you, the value of the homes with mortgages on them have shrunk considerably since they took out mortgages on these properties. With two thirds of homeowners paying mortgages, this is a frightening trend.
Print This Article
Add To Favorites