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Since we had overrated and underrated games, it's time for overrated anime now
For me it's FLCL, One Punch Man, Hotaru no Haka, Byousoku 5 Centimeter, Ghost in the Shell.

FLCL is a boring mess, but I have to give it some points for excellent music.
OPM has nice animation, but otherwise it's pretty lacking.
Hotaru no Haka's ending is BS.
5cm and GitS are... alright. I guess I had too high expectations of them before watching and that's what made me feel kinda disappointed after finishing them.

Any non-shitty Harem anime is overrated
Sword Art Online, specifically Alfheim Arc.
Sam
I got bored watching Attck on Titan. Come at me.
Sword art Online, One Punch Man, Fairy Tail, and Attack on Titan
Kimi no Na wa / Your Name kinda sucks cough
I'd say more but a lot of the obvious ones were already stated
Dragonball Z

like jesus christ what the fuck
*Cough* SAO *Cough*
One Punch Man as a series overall is great to me, but the anime went through... the worst part of it since the series wasn't meant to be serious at the start. The beginning is heavy on humor, but doesn't start going into what brings the depth of the characters out until the arc after Boros. Check out the Mob Psycho anime if you don't like reading. One can craft quite a story with very nice characters. Seeing where OPM heads after the Boros arc might change your opinion.

Now that I've put forth a little defense to OMP, Naruto is pretty trash post timeskip. Kishimoto can't be trusted to keep continuity consistent, characters relevant, and some other things that make me question his skills as a writer.
Fairy tail, it massively overshadows his previous work, constantly uses sloppy plot armor, the female protagonist is completely useless.

RaveMaster was far better.
Is NGNL considered overrated? Because i think it is a bit, considering how Sora and Shiro fix everything perfectly. Sure, things can go a bit unexpected, but they still win. But hey, you know what they say! "It's not about the destination, but the journey."
Dang, most of the ones I would of said are taken... Besides One Piece, the Neverending clusterfuck.
*Is still waiting for season two and the movie...of NGNL*
Would it be fair to ass the Persona 4 anime here? I just don't think it captures the game very well, and it kinda rushes the social link things... ¯\_(ツ)_/¯
Fullmetal Alchemist/Brotherhood
Oh, and Jojo.