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Associations should have a law firm review their real estate tax assessments to see if there is a basis for a reduction. In some instances, an appraisal may be recommended. The type of appraisal needed for a real estate tax appeal is different than the type needed for insurance. The appraisal would help serve as evidence of what the real estate aspect of the units are worth net of personal property. These appraisals can be expensive but usually cost a small fraction of the potential tax savings for larger associations. The best appraisal will have a valuation date of January 1 for the year of the appeal. For example, a 2016 appraisal will not be considered good evidence for a 2019 tax appeal. The important date is the date of valuation, not the date the appraisal was completed. In


some cases, after reviewing sales within the association and consulting with an appraiser, the association may be told their real estate tax assessments are fair and should not be appealed.


There are generally 3 levels of appeal opportunities….the Assessor, Board of Review and then either the Property Tax Appeal Board (a state agency) or Circuit Court. Typically, the association’s attorney will recommend which venue they feel would be best for the association. Reductions granted by the Assessor or Board of Review will be reflected in the actual tax bill. Reductions granted by the Property Tax Appeal Board or Circuit Court will occur after the tax bill is due and therefore result in a refund being issued to the taxpayer. The appeal process prior to the


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