Q: If my assessment appeal period has expired, what can I do about an inaccurate assessment?
A: Once the appeal period has expired, residents must wait for next year assessment publication. The Sun City Property Assessment Council, SunCPAC, recommends that residents who feel their assessment is not accurate, but their township’s appeal period has expired, use the Model Reports as a key resource to research the information on which their assessment is based and compare it to other homes of the same model in their township to use next year when the 2011 appeal period opens.
Q: What is the four-year exemption on home improvements?
A: For four years after a home improvement [finished basement, new bathroom, etc.] is completed, its assessed value will be included in the overall valuation of the house, but the improvement’s value, up to $25,000, will be deducted from the amount used to calculate the property tax amount. At the end of the four-year period, the improvement’s value will no longer be deducted from the valuation used in the tax calculations.
Keep an eye open for more Q & A’s about property assessments and information in future editions of the Sun Day. Visit HYPERLINK “http://www.suncpac.org” www.suncpac.org
