Property Taxes

Property Assessments have all come out for 2011. The assessed value of a home is it’s value based on taxation and not on market value. An assessment may indicate a home is worth $350,000, however, that does not mean the home will necessarily sell for this amount. A real estate agent or appraisal company should be contacted to advise about the market value of a home. If you own the home you live in, you are eligible for the Home Owner’s Grant which deducts $570 off your annual property tax bill. This grant must be claimed to the municipality; forms and information about claiming the grant are usually released in May or June of each year.