Since we are taxed at a rate of up to 1.25% on the total assessed value of our properties, this basically means that for every $10,000 of assessed value you are paying $100 more or less. 

Imagine the following:

Assessed Value $25,000 too high = you [...]

The board will first present their evidence for the assessed value of your property. They will give their reasons why they believe market value is at a certain level (the assessed level most likely). The burden of proof is on the Assessor to determine that the value is correct. You (or me [...]

There are four basic reasons:

1) Decline in Value (If you believe the market value for your property has declined and is no longer as high as the assessed value).

2) Change in Ownership (If you believe the market value of [...]