What must be the outcome of a successful tax appeal?

The outcome of a successful tax appeal is an adjustment in the assessed value of the property. When a property owner believes that their property's assessed value is higher than its fair market value, they can file a tax appeal with the appropriate local authority. If the appeal is successful, the assessed value may be lowered to reflect a more accurate estimation of the property's worth.

This adjustment is essential because the assessed value directly influences the property taxes that the owner must pay. A lower assessed value typically results in lower taxes, but the primary goal of the appeal process is to correct the assessment rather than necessarily seeking a decrease in taxes. Therefore, the main outcome is the accurate adjustment of the assessed value based on fair market conditions and evidence presented during the appeal process.

While a successful appeal can ultimately lead to reduced property taxes for the owner, the critical element of the process is focused on achieving the right assessed value, which is why the correct answer highlights the adjustment in assessment.