Free Personal Finance & Budgetting Articles

Professional Authors - Professional Articles

Personal Finance Tips - Legal and Legitimate Ways to Lower Your Property Tax!

There are always ways to try and save money and one of those ways is often overlooked by many homeowners and that would be property tax. Anyone knows that your property tax is based upon how much your home is supposed to be worth. In today's economy a lot of homes are going down in value and some may not know it but you can apply to get your property taxes lowered. The way in which the tax is lowered is going to vary from state to state but below is a basic guideline for you to at least get a start.

First off, don't sit there and think that the tax man is going to be the nice guy and come by and offer you a way to lower your property tax. Come on, you aren't going to find the nicest people in the world of collecting taxes. We all know where they stood back in the days of Jesus even. So as the value of your home continues to drop you need to do something about continuing to pay the same high property taxes, because no one else is going to do it for you. You're going to have to fight this battle on your own.

You will need to get yourself educated. When it comes to this kind of taxes it is really important that you are aware of the housing market and the situation that it is in, especially in your own area. You need to find out how much homes like yours are selling for in your immediate city and even on the block that you live in. You will need to put together some sort of record of the prices of real estate in the area as evidence to support your claim that your property taxes need to be lowered.

Next you need to get in touch with a local property tax assessor. You should ask them what the criteria is that they use to come up with how much you home is worth. If anything that they say doesn't seem to be in line with what the current market is showing then you need to challenge it. Make sure all the details that you have on your home is correct. It' not very uncommon for an assessor to make an estimate on your home about features you may not even have just to inflate the value.

You also should talk to a local real estate agent. You can get an official valuation done on your house by them. Also make sure to ask them for evidence of the sale prices of homes that are similar to yours that have been sold in the past 6 months. It is very important to find houses that are very similar to the one you own and that have seen their values drop. Make sure to do a report that includes all of the information that you get from the agent.

Once you have gathered all of your information you will then need to make an appeal at the property tax office. You will need to be ready to answer questions about your property and in relation to the appeal. They are going to do everything they kind to find a way not to lower your taxes.

Jessika Sandvig commented on 12-Mar-2018 08:01 AM
What part of your research study did you discover the most tough? I am doing a job at school on a really comparable subject and I would enjoy to ask you a couple concerns about research study product.

Post a Comment

Captcha Image

salvage groceries tight budget top preparing dinner net pay gross income home equity loan new car smell financial power homemade food afford a car veteran loan credit power of attorney finance tips compare prices stock market new car own business money issues finance company gross pay unsecured loan personal finances enjoying loan possibility attorney structured settlement trade in value financial crisis party supplies grocery shopping debt management home improvement loan personal finance resources make a will insurance company birthday party handling problems overspending right estate planning lawyer reduce interest true market value cash retirement planning leasing company car payments W-4 forms estate planning lawyer retirement fund debt management company voluntary shop online property tax buying a home common estate planning time management avoid personal bankruptcy party theme secure finances estate planning errors income stop paying spend less car payment credit policies actual loan get rid of debt major debt estate planning meat specials insurance discounted items financial agent self help car insurance dealership balloons major financial issues assessor estimate payroll budget car loan money conscious saving money fast paced rebates lease takeover personal finance half price computer miss payments sticker price test drives printer coupons creditors retirement years social security number quick sale car invitations car sites financial affairs emergency spending local dealer present car lower tax payment range personal finance tips bad credit get help save money interest rate stop procrastinating specials secured loan debt settlement debts deductions reduce tax improvement loan car dealer payment plan quiet time employees banners home loan reality periodic payments need maternity care payroll software package financial issues va loan possibility car finance enough money chapter 7 owe money best credit property value personal bankruptcy managing time legal power finances good credit medicare different models health insurance poor credit finance tips planning mortgage payments manager specials sticker shock pay bills household tips income tax store ads community property wills car lease dream law firm start investing medical history cash flow qualified veteran getting a loan bankruptcy grocery list credit score financial basis repair credit car lot certain stocks decorations research family member getting health insurance

Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs