A process exists where under certain circumstances, property owners can challenge their assessments either informally or formally. If you believe your property is over-assessed, you can request an inspection of your property. A physical inspection will be conducted and your assessment may be increased or decreased, if market conditions warrant, for the next assessment roll. If you still disagree with the assessor's valuation of your property, a more formal process exists, where property owners can present their case to the Board of Assessment Review, which holds its Grievance Day hearings on the fourth Tuesday each May. The process is free and open to all property owners. Keep in mind, property owners will be required to submit documentation supporting their estimate of value and acquiring this information is at the home owner's expense.