From the Forum: Can a Property Tax Assessment Be Appealed?

A homeowner was notified that their townhouse increased in value and they are concerned about the possible impact on their tax bill. They bought the house for under $1 million seven years ago and it was recently valued at $1.9 million. The taxes were originally about $3,000 a year, increased to $5,000 and now they are afraid the bill might jump to $7,000. They are wondering if there is any way to get the bill adjusted — should they file an appeal? Is there a limit to how much the taxes can increase each year?

Please chime in with your advice.

[forumTopic id=”general-discussion:tax-assessment”]

Need a professional opinion? Try Brownstoner Services, where you can talk to a concierge (it’s free) or browse our community of pros. >>

Related Stories

• Get Advice on Home Renovation and All Things Brooklyn in the Brownstoner Forum
• From the Forum: Should a Coal Chute Be Sealed?
• What Precautions Should You Take to Protect Your Home Before a Neighbor’s Renovation Begins?

Email tips@brownstoner.com with further comments, questions or tips. Follow Brownstoner on Twitter and Instagram, and like us on Facebook.