A recent survey reveals that while 78% of homeowners worry about rising property tax bills, most do not challenge their assessments, largely due to a lack of knowledge about their rights. Many respondents, particularly in high-property tax states like Colorado and Connecticut, plan for their taxes but still underestimate them. This contrasts sharply with their proactive efforts in seeking small savings through retail price matching, indicating a disconnect in tackling significant recurring expenses. Founder Colton Pace emphasizes the importance of challenging tax assessments, which could lead to substantial savings for homeowners.
Despite knowing about their rights, only 22% of homeowners have challenged their property assessment, leading to a significant knowledge gap about tax appeals.
Homeowners often challenge minor expenses but neglect larger financial burdens like property taxes, leading to a disconnect in financial management.
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