PT-7
Property Tax Assessment Service
Questions
Q. Who is Property Tax Assessment Service (PTAS)?
A. Property Tax Assessment Service was established in 1991. We
employ CTAS (Certified Tax Assessors), reducing municipal assessments/property
taxes, economically by applying chapter 123, title 54, laws
of taxation.
Q. How effective is the program?
A. 95%, when assessment is incorrect.
Q. Is my filing fee refundable if no reduction is granted?
A. Yes, if no reduction in your assessment occurs, your filing
fee is returned.
Q. How many years is my assessment good for after correction
according to chapter 123, title 54?
A. Until your town goes through a revaluation/reassessment. On
average it’s between 7 – 10 years, could be within a 3 year period.
Q. Does this program provide substantial saving?
A. It will probably become one of the best financial decisions,
according to generally accepted accounting practices. Your first years saving
is multiplied by 13.25 to give you an approximate savings for 10 years,
(includes interest, over-payment and average tax rate increases in that 10 year
period).
Yearly savings of $350.00 x 13.25 would be $4,637.50
$500.00 –> $6,625.00
$1000.00 –> $13,250.00
$2000.00 –> $26,500.00
Q. What services do I receive from PTAS?
A. Service is our strongest asset. All service calls are
answered by a state trained assessor guiding you through each step of the
process.
Q. Why isn’t my assessment reduced by my municipality?
A. Your assessor has the presumption of correctness on his/her
side. The burden of proof falls on the homeowner.
Q. Can my assessment go up as a result of this report?
A. No. Assessments can only increase upon major improvements to
your property. Normal maintenance cannot raise your assessed value. I.e.:
replacing a roof, floors, cabinets, counters, windows or any normal fixing up
and repairing.