Each county provides property owners the opportunity to file an annual appeal (usually May 1st to August 1st) to challenge the assessed value of their property. The burden of proving that the current fair market value for your property is below the assessed value is on the property owner. First, the property owner must understand how their assessment relates to the current fair market value via the Common Level Ratio. That is, your assessment does not usually equate to your current fair market value. We can help you with this calculation and appeal analysis.