Your new post is loading...
Do you want to know how to challenge high property taxes? Use our guide on how to appeal your homes assessed value to reduce your tax bill.
|
Scooped by
Bill Gassett
November 25, 2014 3:32 PM
|
Scoop.it!
Bill Gassett's insight:
Owning a home is great. There are not too many drawbacks to home ownership. If you had to come up with something it would probably the amount of money that goes out the door to pay real estate taxes. Unfortunately this is an unavoidable part of owning your own place.
If you have ever owned a home you have probably gotten your tax bill and shook your head in disbelief. You wonder how can my taxes be so high when I have a similar home to my neighbors and they are paying far less. There may come a time when this happens and you are positive you are being overtaxed unfairly. So how do you appeal high property taxes? In the article I cover in detail how you go about challenging your local property taxes. Essentially your taxes are derived from two figures - your city or towns tax rate combined with the assessed value. The tax rate for the community will be set in stone but the assessed value can vary from property to property.
This is where some owners end up getting charged too much in taxes. If the assessment has been calculated incorrectly then you could end up paying more than your fair share of taxes.
Use the article as a basis for how to go about appealing your real estate taxes and getting and abatement.
It always amuses me when people complain about paying taxes. There is no way to avoid them. Overpaying taxes is a different story!
As a real estate agent, a common concern from buyers and sellers are the amount of yearly taxes that are due. Many homeowners are paying way to much in taxes and may not even know.
Appealing the taxes does not have to be impossible but there are specific steps that need to be taken. Check out this detailed guide to appealing taxes done by @Bill Gassett ! Bill gives some awesome pointers for those who are looking to get their taxes lowered.
Check out his article at http://www.maxrealestateexposure.com/how-to-challenge-high-property-taxes/.