Stidham & Associates PSC

Property Tax Consultant in Lexington, Kentucky

(859) 219-2255401 Lewis Hargett Cir, Ste 250, Two Paragon Centre, Lexington, KY 40503View on Yelp
Stidham & Associates PSC - property tax consultant in Lexington, KY

About Stidham & Associates PSC

Stidham & Associates PSC brings over two decades of experience to property tax consulting in Lexington, Kentucky. The firm's attorneys understand how Kentucky's property assessment system works and help both residential and commercial property owners challenge unfair valuations. They've saved clients hundreds of thousands in property taxes through strategic appeals and assessment reviews. What sets this firm apart is their legal background combined with deep knowledge of local assessment practices. They don't just file paperwork - they build compelling cases based on market analysis, comparable properties, and assessment methodology flaws. Their success rate speaks for itself, with most clients seeing meaningful tax reductions when grounds for appeal exist.

Services

Personal Injury Law
Wills, Trusts, & Probates
Tax Law

How They Can Help

The firm offers comprehensive property tax appeal services starting with free case evaluations to determine appeal viability. They handle residential property tax protests for homeowners facing sudden assessment increases or properties valued above market rates. Commercial property tax consulting includes complex valuation challenges for office buildings, retail spaces, industrial properties, and multi-family housing. Assessment review services involve detailed analysis of your property's valuation methodology, comparing it against similar properties and current market conditions. They prepare and present evidence to the Property Valuation Administrator and represent clients at Board of Assessment Appeals hearings. For ongoing clients, they provide annual assessment monitoring to catch potential problems early. The firm also handles tax reduction consulting for property owners looking to optimize their long-term tax strategy through legal methods.

What to Expect

The process begins with a free consultation where they review your property assessment and recent market activity. If they identify grounds for appeal, they'll explain the potential tax savings and their fee structure. Once engaged, they gather property data, research comparable sales, and may arrange a property inspection if needed. They handle all paperwork and deadlines, filing appeals with the appropriate authorities within Kentucky's strict time limits. Throughout the process, they keep you informed of progress and next steps. If your case goes to hearing, they represent you before the appeals board, presenting evidence and arguing your position. Most cases resolve without hearings, but they're prepared for either scenario.

Service Area

Based in Lexington, the firm serves property owners throughout Fayette County and surrounding central Kentucky counties including Jessamine, Woodford, Scott, Franklin, and Anderson. They handle appeals filed with various Property Valuation Administrators across the region and regularly appear before multiple county assessment appeals boards. Distance isn't typically a barrier for commercial properties or high-value residential appeals given the potential savings involved.

Frequently Asked Questions

How do I know if my property assessment is too high?
Compare your assessed value to recent sales of similar properties in your area. If your assessment is significantly higher than what comparable properties sold for, you may have grounds for appeal.
What's the deadline for filing a property tax appeal in Kentucky?
You must file appeals by the first Monday in May following the tax year. Missing this deadline means waiting until the next assessment cycle.
Do you guarantee tax reductions?
No consultant can guarantee results, but we only take cases where we see realistic potential for reduction. Our contingency fee structure means we're invested in achieving results.
How much can I expect to save on a successful appeal?
Savings vary widely based on how much your assessment is reduced. Typical successful appeals result in 10-30% assessment reductions, translating to hundreds or thousands in annual tax savings.
Will appealing my assessment trigger an audit or increase scrutiny?
No, filing an appeal is your legal right and won't cause additional scrutiny. Assessment appeals are routine part of the tax system.
What evidence do I need for a successful appeal?
Comparable sales data, property condition issues, and market analysis are key. We help gather and present the most compelling evidence for your specific case.
How long does the appeal process take?
Most appeals resolve within 3-6 months. Complex commercial cases or those requiring hearings may take longer.
Can you help with appeals in counties outside Fayette County?
Yes, we handle appeals throughout central Kentucky counties. Each county has different procedures, but we're familiar with the requirements across the region.

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