A better way to cut your property tax
A better way to cut your property tax
Wayne Seifert in front of his Bel Air, Md. home where he's cut property taxes by $237 a year.

Wayne Seifert
Age: 62

In 2008, the county raised my property taxes an exorbitant amount, so I made an appeal to lower them. I looked at the houses that had been sold within a five-mile radius and the home values were not supporting the tax assessment, so I did a first-level appeal with the tax assessor in my area. I showed her the hard data and she realized that my home had been over-assessed. Through presenting facts, I was able to lower the assessment by $60,000, a nearly 20% decrease. That saves $237 a year.

Last updated July 01 2011: 7:58 AM ET
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