Property Tax Appeal Calculator
Estimate potential savings from appealing your property tax assessment.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Annual Tax Savings
$1,250.00
≈ 10 pairs of sneakers
Net Savings (Year 1)
$750.00
≈ 8 nice dinners out
How to Use This Calculator
- Enter Current Assessment (the assessed value on your tax bill) and your Proposed Assessment based on comparable sales.
- Set the Tax Rate per $1,000 (mill rate) from your tax authority.
- Enter estimated Appeal Cost including filing fees, appraiser, and attorney.
- Set Success Probability % based on how strong your comparable sales evidence is.
- Review Annual Tax Savings and Net Savings Year 1 after appeal costs.
- If Expected Value of Savings exceeds Appeal Cost, filing is financially justified.
How the result changes with Current Assessment
| Current Assessment | Annual Tax Savings | Net Savings (Year 1) |
|---|---|---|
| $10,009,000.00 | $242,725.00 | $242,225.00 |
| $35,006,500.00 | $867,662.50 | $867,162.50 |
| $65,003,500.00 | $1,617,587.50 | $1,617,087.50 |
| $90,001,000.00 | $2,242,525.00 | $2,242,025.00 |
What each input means
- Current Assessment
- Current assessed value of the property.
- Proposed Assessment
- Your proposed assessed value based on comparable sales.
- Tax Rate
- Property tax rate per $1,000 of assessed value (mill rate).
- Appeal Cost
- Cost of filing and pursuing the appeal (fees, appraiser, attorney).
- Success Probability
- Estimated probability of a successful appeal.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersCurrent Assessment = 350000, Proposed Assessment = 300000, Tax Rate = 25, Appeal Cost = 500 = 5 input(s) provided
- Calculate Annual Tax SavingsAnnual Tax Savings1250 = $1,250
- Calculate Net SavingsNet Savings750 = $750
- Calculate Current Annual TaxCurrent Annual Tax8750 = $8,750
- Calculate Proposed Annual TaxProposed Annual Tax7500 = $7,500
Engine last updated . Checked against 1 independently-derived test — how we verify calculators.
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