Taxpayers Beware: Appraisal and Court Education Errors Can Doom Your Real Estate Tax Appeal

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

Taxpayers challenging their real estate tax assessments in Virginia must overcome a presumption that the taxing authority's assessment is correct. In this article, Mr. Shane Smith of Williams Mullen discusses how it is not always enough to be prepared to show manifest error in the tax authority's assessment or that the taxing authority disregarded controlling evidence in making its assessment. Taxpayers should also be prepared to defend their own appraisals against this same attack, that is, the taxing authority's argument of manifest error or disregard of controlling evidence in the taxpayer's appraisal.