6 tips to make a case for property tax cut
Good news for Americans facing eye-popping property taxes: You can fight city hall, or whichever government body sends you this annual economic albatross.
When real estate boomed, property taxes often followed suit. So why aren't they dropping now? First, local governments may go for years between re-assessments, so lower values may be overlooked. Also, a blanket reduction in assessments would mean less revenue for local governments at a time when most are strapped for cash.
The National Taxpayers Union estimated earlier this year that up to 60 percent of the country's real estate is assessed too high. Here's how to make sure you don't pay too much.