How do I read my Peel-Metric Property Report?

First - we take a look at the value that your county auditor/assessor is basing your taxes on:

Your Taxing Authority's Estimate of Value: This is the value estimate that your county auditor/assessor has determined is the market value of your home and the value that your property taxes are presently based on.

Next, we use a two-phase approach in determining what your current value should be:

Comparable Properties Located in Your Market:  This is an analysis of comparable property sales in your market and a value range per sqaure foot.  Then, we look at the leading, predominate indicator of price per square foot and apply that value to your home's square footage.

TaxPeel Model Value:  This indication of value is derived from analyzing market trends and indexing sales that have occurred, not just in your market, but on a county-wide basis, to predict a more accurate assessment of value in this time of declining home values.

TaxPeel Summary And Conclusion:  Based on the data, TaxPeel will give you a recommendation as to whether further review of your taxes is

• Recommended - This means that based on the results, you have a good case to begin the appeal process and seek a reduction
• Inconclusive - This means that that the percentage of difference between what your auditor/assessor has reported - and our findings - is marginal and an appeal may or may not result in a reduction
• Not Suggested - This means that the percentage of difference between what your auditor/assessor has reported - and our findings - is minimal and appealing your taxes may not result in a reduction

Next, we display market value and tax assessment graphs which demonstrate where your property stands in relation to other properties in your market.

Followed by auditor/assessor reported information: including owner name; county and tax assessment; and property characteristics.  We suggest that you review these characteristics very carefully - to ensure that your information has been correctly reported.

Last, we display recent, comparable market sales of properties in your area.  The sales are listed in date order, by sale date.