After a successful appeal, your assessed value is lowered and your tax bill is adjusted. How the savings reach you depends on how your property taxes are paid.

• If your taxes are paid through a mortgage escrow account, the reduced tax bill is reflected at your lender’s next escrow analysis, which typically results in a lower monthly mortgage payment going forward.
• If you pay your taxes directly and have already paid in full, your local tax office will typically issue a refund. In some jurisdictions, such as many Ohio counties, the overpayment may instead be applied as a credit on your next tax bill.

Occasionally, homeowners pay property taxes in installments. In those cases, the reduction is generally applied to your remaining payments or credited toward future bills.