My house is new and in an upscale community; does this decrease my chances of a tax reduction?

NO, most assessments do not take this into account. Your property tax is based on the value of your home.

What is in the revision board Presentation?

Each report is unique just like every home and market is different, here is an example:

General market overview: Akron Ohio properties are down 7.6% in the last 12 months. A conditions report of a particular property shows us general issues that affect current value. A comparison report is made to other property sold in its area. We will search out the low comparisons since the Board of Revisions tends to use the high comparisons. For this particular property in our example we were able to find the cost of a property improvement to be worth $60,000.00 less than the assessed value. We prepared a summary for a $125,000.00 assessment reduction and were successful in reducing the assessed property value by $100,000.00 which gave our client a total savings of $ 3560.00 in the first year. With a second year savings of $ 1780.00 our client will save $38,880.00 over the next 20 years.

Who makes the decision to lower my property value?

The Appeals or Revision Board is made up of County, City, Political and sometimes Regular Citizens like you and I. They have the responsibility to change the appraised value of your property.

John Hunt asks: Why should I request a property assessment reduction. Shouldn't Montgomery County fairly assess my property value and tax?

Local and state governments are unable to reduce budgets by the rate property values are declining. They are addressing lower property values by handing out reductions to residents that ask.