As many as 60% of properties in the U.S. are assessed higher than their current value, according to the National Taxpayers Union. That's because local governments assess properties, on average, once every two to three years. As we've seen, home values can fall a lot over that period of time. So if your property's value hasn't been assessed since it tumbled, you're probably paying too much in taxes.

You don't have to keep throwing money away, though. You can appeal your property tax assessment


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