Property Tax Appeal Agreement

Property Tax Appeal Agreement

A Property Tax Appeal Agreement is a legal contract between a property owner and a tax consultant or attorney that outlines the terms under which the consultant will assist the property owner in appealing their property tax assessment.

This agreement typically includes the following key components:

1. Scope of Services: It details the specific services to be provided, such as reviewing tax assessments, gathering evidence to support the appeal, preparing required documents, and representing the property owner at hearings.

2. Fees and Compensation: The agreement specifies how the consultant will be compensated, which may involve a flat fee, hourly rate, or a contingency fee based on the amount saved in taxes as a result of a successful appeal.

3. Duration: It outlines the time frame for the services to be performed, including important deadlines for filing appeals and other relevant actions.

4. Responsibilities: The agreement defines the responsibilities of both parties, ensuring that the property owner provides necessary documentation and information while the consultant commits to diligent representation.

5. Confidentiality: It may include clauses regarding the confidentiality of the information shared during the process, ensuring that sensitive financial and personal information is protected.

6. Termination: The agreement often specifies the conditions under which either party can terminate the contract, including any penalties or obligations that may arise from such termination.

A Property Tax Appeal Agreement serves to protect the interests of both the property owner and the consultant, facilitating a structured approach to contesting property tax assessments that may be deemed excessive or incorrect.