DID YOU KNOW that you're entitled to grieve your Real Estate Taxes? Yes...as the owner of Real Estate...its your legal right to challenge your real estate tax bill.

CONSIDER GRIEVING YOUR REAL ESTATE TAXES NOW....TIME IS RUNNING OUT!

This is is also going on all across the country so please check with your county for more information.

Don't let all your hard earned money go to waste...we've all been burned enough.

Don't assume that your local authorities will contact you because they won't....if you believe your assessments should be lower ... then you've got to act now!

Only a small percentage of all property owners ever try to obtain a reduction in their property assessment. "WHY?"...because they aren't aware that it's actually available to you right now. For those who do challenge their property assessment...many in South Florida are successful in obtaining sizable tax reductions using the Value Adjustment Board Petition process with assessment reductions in the millions annually.

In just the past few years, property taxes have increased at an alarming rate.

Even if tax cuts are passed by the state government...it still doesn't change the fact that you may be overassessed by your local county officials. Reducing your assessments now is the basis for lower future assessments and savings on future property taxes.

County assessment records can be inaccurate in many different ways and that includes errors in property descriptions....land and building square footage.....building condition....even simple mathematical or clerical errors.

The number 1 reason for over-assessment is.....failure by local authorities to fully recognize the sharp decreases in market value due to a steep decline in the South Florida Real Estate Market.

IMPORTANT DATES FOR DADE....BROWARD AND PALM BEACH COUNTIES.

Sept 14th 2009 -This is the deadline for filing petitions to contest the proposed assessed value of the property in Palm Beach County.
 
Sept 18th 2009 -This is the deadline for filing petitions to contest the proposed assessed value of the property in Broward and Miami-Dade Counties. 

Nov 1st 2009 -This is the date when the Revenue Collector mails the tax bills to property owners of record.

• Taxe payments are due by March 1, 2010.

Most consumers who have owned home are aware that if you had an equity line of credit on your home.....most likely they''ve had their accounts frozen or suspended. It's been going on for a long time now and it doesn't seem like most people can get one. They're pretty much non-existent.

I was one of the lucky ones who didn't get theirs suspended until June 2009. The bank claimed that they informed me but I never received the letter they claimed to have sent out...I found out by checking my online account.

The reason I took out an equity line of credit on my home was only for emergency reasons...such as a need for quick cash in order to pay a bill or to use it as my operating expenses for my business. It was actually something that I didn't even know about back in 2001. I was short on cash and I was spending a lot on expenses to get my business back up and running. You see...back then I had to take a part time job just so I had enough to lay out for my marketing. I figured that once the money came rolling in from the deals I anticipated would close...I would then pay it back either monthly or all of it at once. I got a great rate...my agreement was to get prime rate minus .50 basis points. At the time I thought this was a great idea. I couldn't figure out where I was going to come up with money and now I had my answer.

After we sold our home in 2005....we paid off the last one at 60K and then when we purchase our new home...we qualified for 110K. We took it and used it as we needed it. Just like before....we paid it back. We didn't owe the bank a dime...still we had an open checkbook just in case. I know that some people used these accounts just to cash out all the equity in their homes and go on a spending spree. I was lucky not to take advantage of it and use it occasionally on some toys but I always paid it back.

A few months ago my bank informed me that they were suspending the account due to the fact that the value of my home just went down 50%! when I purchase the home ...I put down about 40%. You would think that by putting down that much that there would still be some equity in the home. Well by trying to do the right thing...we just lost a quarter of a million dollars and if we had to sell the home today...we'd still be up side down.

The bank wouldn't even consider us for a loan modification unless we start being late on our payments....why would we want to do this? Even if we refinanced...the difference in our payments would be minimal and we'd have to add back another 10K to the original loan and start back at 30 yrs.

My wife said it best....let's not use our home as a piggy bank...only for emergency reasons.

It's interesting enough that since our second mortgage is with a dfferent bank than our first.......they think our home is worth less and yet the first mortgage holder could care less as long we still are paying based on the original sales price value. Whats even more disturbing to me is that the second mortgage holder said our value was X but the county showed it a bit higher. This makes absolutely no sense to me.... so why would it make sense for the consumer?

In closing...if your banks aren't willing to help you then it's time to grieve your Real Estate taxes.

Don't let your bank or local government take all your hard-earned money.

It is every property owner's Legal right to challenge the real estate tax bill they receive.

SO NOW YOU KNOW.

If you want to learn more about the process and what you can do please visit >>>HERE

Some of the excerpts above were brought to you by www.propertytaxreductionservices.com

For more information please contact Neal The Real Deal Bloom-Realtor® /Keller Williams Properties

1625 N. Commerce Parkway,Suite 105

Weston FL 33326

(954)608-5556

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