Winning Your Property-Tax Appeal: A Data-First Blueprint
The Hidden Cost of Inflated Assessments
Most counties reassess on three- to five-year cycles, but hot markets can push valuations far faster. Our analysis shows 40 % of multifamily parcels in growth counties are now over-assessed by 15–25 %—a direct hit to NOI.
Typical roadblocks:
- Lack of clean comp data.
- Complex hearing deadlines that vary by jurisdiction.
- Unfamiliarity with capitalization-rate arguments examiners actually accept.
The PropTrust Appeal Workflow
- Detect: We compare the county’s valuation to recent sales, income approach, and replacement cost—flagging anything >10 % above fair value.
- Document: Auto-generate a one-page evidence packet with rent roll, cap-rate analysis, and three sales comps.
- File & Track: E-file where available or print-ready forms with built-in deadline reminders.
Owners using this workflow in 2024 saved an average of $612 per unit in year-one taxes—a permanent lift to asset value that compounds every year thereafter.