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7 Steps to Challenge Your Property AssessmentIt’s great when the value of your home goes up, but there’s also a serious downside. Homeowners all across America are getting notices that their property taxes are increasing. But are those assessments accurate? And if not, what can you do about it? Today we’ll give you the 7 steps to challenging your property assessment. Real estate analysts correctly predicted a surge in property taxes due to increased home values. Although rising home values are beneficial in theory, they often lead to increased property taxes that homeowners must pay immediately. However, homeowners can challenge these tax assessments, with a 20-40% success rate. To appeal: Determine the appeal deadline, usually indicated on the assessment notice.Understand the assessment process, typically a market value percentage.Ensure you receive applicable reductions, such as homestead exemptions or credits for certain demographics.Verify the accuracy of your property's official description for any discr