Paying too much in property taxes? Now is the time to file an appeal.

Because 2010 is not a reassessment year for Missouri real property (i.e., your real property does not get revalued for tax purposes), Missouri property taxes in 2010 will be based on property values as of January 1, 2009. So if you own residential property, vacant or undeveloped land, apartments, commercial buildings, office buildings, etc. in Missouri and feel that this property has declinved in value since January 1, 2009, you should consider filing a property tax appeal challenging the 2009 valuation. The higher the property value, the higher the tax bill.

Given the current economic conditions in Kansas City, Missouri, it may not be that uncommon to have had significant fluctuations between the January 1, 2009 valuation and the January 1, 2010 valuation. The time to appeal your property’s valuation is now. An experienced Kansas City real estate attorney can help you with this process.

– ksmolawyer

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