Here are some tips on how to lower your property taxes

Understanding the process - Computing the taxes may differ as assessors may have different ways of computing property values. Some look at comparable homes which were recently sold, some may use the cost estimate to rebuild.

You may know this by making a call to the assessor’s office and may ask how they compute the home values, what are the charges, the tax rate and the exemptions.

Property taxes are calculated by taking the assessed value of your home and multiplying it by the tax rate. Tax rates are determined by your local government. Exemptions may also be applicable thus reducing your tax payable.

Check the computation - Assessment and computation may not be accurate and it is important to double check it.

Check the neighborhood and comparables - the neighbors' home valuations at the assessor's office can be a good evidence to show that the assessment on your home is overvalued. Ask the help of real estate agents. If you can't find comparable homes that sold for at least 10 percent less than your property's don’t expect that you can be reassessed for lower valuation.

Present your case - go over the information, seek an informal meeting with the assessor and present the case to him. Show the assessor how the appraiser may have overvalued your property. Know how the assessor will handle your appeal and work on how to get his approval in lowering the value of your property.

File the case – attend a hearing before the board hears your case. Get used to the proceedings and the possible questions the board members may ask.

File an appeal – If the board decided against your case, file an appeal.