Looking to lower your property tax? Want to know how to appeal a property tax assessment? Our professional market valuation and free house value checker appraisal worksheet can help you win your appeal.
The possibility for a sizzling property tax reduction begins with an overview of how to appeal a proper tax assessment. Before you put money in your wallet, first we need a bit of analysis to see if it is worth pursuing. We are going to make that easier for you with some free tools so you can do the detective work needed to determine how good your property tax appeal case actually is.
Free property Tax Appeal opportunity report + exclusive bonus
If you’re appealing your property taxes, you need to deliver a professional market valuation. Our free house value checker appraisal worksheet and mind map can help you get on the track to do just that. Follow the link to the homepage for access.
The assessment on your home happens when a municipally mandated mass blanket property tax reassessment takes place. This is a very expensive undertaking for a town so it is conducted perhaps every 8 to 20 or more years. When the low-cost bidder wins the assignment, it has to be done fast since little money is allocated to do an exact real estate appraisal. Many errors and oversights occur. For instance, Consumer Report has written that tax records show 40% error rates in estimating property taxes. Some experts tell us as many as 60% of all homeowners have likely been over-assessed.
Decrease Property Tax With Informed Evidence
One needs to know the dollar amount that the property tax assessor has valued a subject property and home. When the last blanket reassessment was conducted the sales ratio (which might be called the evaluation level, director’s ratio or average ratio as well as other nicknames) is 100%. Years later that ratio could drop to 70% for an extreme example.
Given a 70% sales ratio, when you got the assessment charge in the mail for your home for $300,000 you might have thought that was OK. However, the math goes like this:
Assessed Valuation ($300,000) DIVIDED by the Sales Ration (70% – note you’ll need the decimal point over 2 spaces to the left .70 to divide) EQUALS $428,570 = what the property tax assessor is actually valuing the subject property and house for. Most people will think that the property tax assessor values their home for $300,000 but in actuality, they are getting taxed on $428,570.
With that evidence at hand, one should compare the price of that subject home and property to equivalent homes that sold for the year you are considering appealing for. As mentioned, we will provide you information so you’ll have free access for comparable sales as well as provide you with an adjustment category worksheet and guide map to help get that job started.
Free Information to Start Your Property Tax Appeal Letter
Very quickly you’ll see if you have a case worth bringing to the property tax assessor for appeal and then begin working on your property tax appeal letter and case evidence. That’s how to appeal a property tax assessment. When you finally win that appeal you’ll have extra money to spend and better meet monthly expenses. That could be a possibility!
Make your wishes come true and check out our Real Estate Valuation & Property Tax Appeal Training Course. Our course is geared to both real estate owners as well as training for professional property tax consultants. The language is to the point and many examples are given for clarity.
Jumpstart How To Appeal A Property Tax Assessment
The Real Estate Valuation & Property Tax Appeal Training Course covers both residential and commercial valuations and can be used as a profitable side business to help appeal property taxes for the many over-assessed victims. It is a profitable under-the-radar adventure with little competition and big rewards for the entrepreneurial minded.
Action news at https://www.actionnewsnow.com/ has released that home prices and property taxes are rising. More evidence that this market needs help.
Learn More Facts & Details, Click: Real Estate Property Tax Appeal