As many U.S. homeowners begin receiving their property tax bills, the Appraisal Institute has offered suggestions to potentially make the tax appeal process easier, such as working with one of the organization's Designated Members to learn about the local appeals process and to discuss options. "Homeowners need to keep in mind the importance of hiring a highly qualified appraiser who conforms to industry standards and a strict code of ethics, such as one governing the actions of Appraisal Institute Designated Members," said Appraisal Institute President Craig Steinley. "In a perfect world, the assessed value of a particular property should match the market value when that's the regulatory intent of the particular jurisdiction's property assessment law," said Steinley. He also noted that tax assessors-who typically are elected officials- are not motivated to intentionally inflate assessed values and therefore property taxes.
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