To find out how to lower your property taxes, let’s revisit how property taxes are calculated:
Taxable Value x Tax Rate = Total Tax Due
So mathematically, the only way to reduce your property taxes is to (1) lower your taxable value or (2) lower your tax rate.
Tax rates, however, are set by elected officials and/or by public vote so you can only influence rates through your vote in the democratic process. There’s nothing else you can do to lower your tax rate.
Property tax values, on the other hand, are determined by the county and there are two ways you can lower your taxable value.
- Apply for exemptions. Most exemptions save you money by reducing (or capping) your taxable value.
- Protest your taxable value and try to get it lowered (this is what we do for you!)