Your Property Tax Bill May Be Higher Than It Needs to Be. Here’s What to Do About It

Filing a formal request to review and possibly lower your home’s assessed value—and, in turn, your tax bill—can be a chore but it’s probably worth it.

More than 40 percent of properties in the U.S. could save $100 or more—and sometimes much more—with a property tax appeal, according to a Realtor.com analysis. Dreamstime/TNS

By Linda Bell Bankrate.com

My property taxes have ballooned 134 percent over my 20 years of homeownership. It seems like every year I grumble about another increase, pay the bill and move on. Recent data, however, has me rethinking my approach—it turns out I might be leaving serious money on the table.