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Reducing Your Property Taxes

By
Real Estate Broker/Owner with Ellis Property Investments

Home Owners realize very quickly that real estate taxes are a necessary evil.  They will always be there for you. Said another way, you  know that eventually you will come to the end of your mortgage payments but with real estate taxes you will pay until you sell your house or until...lets just say forever.  However, the good news is that you can do some things to keep them as low as possible.

According to the National Taxpayers Union, a advocacy group based in Washington D.C., their  statistics and figures indicated that 60% of all homeowners are over assessed.  According to this nonprofit group only about 2 percent will appeal their real estate tax assessments.  Of the 2 percent that do appeal, according to the same research, 50 to 80 percent receive some sort of reduction in their property taxes.  Those are great odds in the taxpayer/ home-owner's favor.

To some the process seems complicated.  This simply is not the case.  It does however require a bit of perseverance and organization.  Having concrete, clear and concise evidence will be the key to your success in showing that you are being over-assessed.  In analyzing your assessment, you'll need your property record card (obtain from your county assessor's office) , a list of comparable homes and their record cards, sales dates, and prices.

This process and effort of gathering the above information and analyzing it are in your best interests as a homeowner and should be done.  However, the reward of a lower tax bill makes it even more worthwhile.

 

 

 

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contact Doretha Caldwell at 910-286-9396 or visit at www.DorethaCaldwell.com

 

 

 

 

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