I just purchased my home and find the assessed value exceeds what I paid, what can I do?

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One way to determine if you are properly assessed is to take the purchase price of your home and multiply it by the assessment ratio for that year. (For 2014 this would be as follows: $100,000 purchase price x~1.05 ratio = $105,000 (equalized assessment). If you find a significant difference (10% either side) between the purchase price and the equalized assessment, you may want to stop in our office~to review your property record card, as well it is recommended that you review the abatement application process on this website.