Real property tax assessments are based on an appraisal by the local taxing jurisdiction. Known as an ad valorem tax (according to value), the appraisal is often the result of subjective opinion as to the construction’s quality, the property’s condition and remaining economic life, and other factors that can lead to significant overvaluations. Nearly all tax-assessment appraisals apply mass techniques that depend on statistical analysis rather than individual appraisal focusing on a property’s characteristics. While mass appraisal aims to valuate real estate consistently, its goal is not to estimate a property exactly. Uzelac’s highly qualified professionals with years of experience as appraisers in local tax jurisdictions review our clients’ real property tax assessments. We are trained to discover assessment errors and recognize overvaluations based on market conditions.
Uzelac & Associates applies a proven process to valuing real estate. It ensures the most precise figures for correct and fair taxation.
Our review of real estate assessments includes: