An objection to annual value refers to a disagreement a homeowner has with tax authorities regarding the value they place on the property, and makes a formal request for it to be reviewed.
The conflict usually arise because the homeowner finds that the value government agencies place on the house is too high.
While most people will think that homeowners would probably prefer their homes to be valued highly rather than lowly, the reverse occurs when it comes to taxes.
This is because the estimated value of properties is used to calculate property tax.
And the higher value, the higher the property tax.
