Get a property tax do-over

By Marcie Geffner - HSH.com

Property tax appeals are especially popular among homeowner today due to sharp declines in house values throughout the U.S. The reality is that not all tax assessors have kept up with these trends, which means some homes may be over-valued and thus over-taxed.

Most, though not all, U.S. states tax residential property, according to John Brusniak, president of the National Association of Property Tax Attorneys in Dallas. Other jurisdictions that also may tax real property include counties, cities, towns, school districts, utility districts, and the like. This myriad of taxing authorities means your first step must be to find out who's in charge of your property's valuation. Typically, this information is printed on your tax bill.

Read on: http://library.hsh.com/articles/homeowners-repeat-buyers/house-lost-value-get-a-property-tax-do-over.html