As an addendum to my posts over the past couple of weeks about filing an appeal to your reassessment notice, in addition to appealing to the board of equalization or binding arbitration, you also have the right to choose non-binding arbitration.
There are significant differences between non-binding and binding arbitration. In binding arbitration, if you lose, you can’t appeal to the superior court and you must pay for the arbitrator. If you win, the county pays for the arbitrator. In binding arbitration, you’ll also need to get a formal property appraisal from a certified property appraiser.
Non-binding arbitration works differently. You can appeal the arbitrator’s decision to the superior court and you and the county will share in the costs of the arbitrator, regardless of who prevails.
The board of equalization process is at no cost to the taxpayer.
Remember, your appeal letter must be postmarked or hand delivered no later than June 7. You should only file an appeal if you received a reassessment notice in May.
