What are the cons of fighting a tax appraisal amount?I am about to sign the papers on a house, and the county has it appraised for $417,000. I am buying it for $297,500 and a local appraisal company appraised it (for the bank for $310,000. This "bank" appraisal was based upon 3 "like-kind" homes in the immediate area. My question is... What would be the cons/side-effects of going to the county and ask for a re-assessment to lower the taxable amount? I may want to get a Home Equity Loan in the near future and want to be informed of any negative consequences for the future. Because I really do believe that the taxable amount could be lowered due to the current economic times......Please advise! Sincerely, New Home Owner.December 08 2009 - Rogers00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.