If you think your property is worth significantly less than your city or town's property tax assessor does, consider filing for an abatement. You can pick up an application at the assessor's office. You will need to complete the application and provide a professional opinion about the value of the property, preferably from a licensed appraiser or a realtor. All applications must be filed no later than February 1. You will have to give the municipality access to your home so it can conduct its own assessment. If you are successful, you'll be able to save possibly hundreds on your property tax bill. It may be worth the effort!