You’ve come to the right place to get information and help on how to lower your property taxes. We’ll give you free access to reduce property taxes guide map, computer access sources for sold listing for the year you’re appealing your property tax for as well as a free comparative analysis equalization blueprint, but first let’s discuss property tax exemptions.
One can lower their property tax bill using property tax relief programs. These exemptions and deductions can lower your property tax.
- The Senior Tax Exemption Freeze
- Homestead Rebates
- Veterans Deduction On Property Taxes
- Disability Exemptions
Every state has different thresholds and amounts. You’ll need to Google your state for the exemptions or deductions you qualify for.
Challenge Your Property Tax Assessment
Before you begin a property tax appeal, you’ll want to know if you have a case worth pursuing. You’ll need to call the tax assessor’s office to get the directors ratio (also called the sales ratio, home assessment ratio, the evaluation level, average ratio, equalization rate and other names) and divide that into the property tax assessment your property was assigned.
That final value is what you’re getting taxed on. For instance, the home and property were assessed for $400,000 and the sales ratio was 80%. Divide $400,000/.80 (note: move decimal over 2 places with percentage division) give you $500,000.
Most, when they see the assessement of $400,000 given to them by the tax assessor think that is what the town is taxing them for. The truth, however is, they are getting taxed on $500,000. With that true valuation that you’re getting taxed on in hand, some investigation into comparable sold homes is needed next.
You’ll want to access comparative sold listing for homes that are most similar to yours and sold within the period you’re appeal, preferably within 4 months if available. You’ll want to find similar homes to your in location, square footage and amenities that are most similar to your home in order to ascertain if those market values are lower that the assigned valution the property tax assessor assigned to your home.
Free Access To Reduce Property Tax Help
We want to help you find out if you have a property tax appeal worth pursuing. We will give you for free:
- Mind Map that lays out the steps for a Winning Property Tax Appeal
- Property Tax adjustment Category Worksheet to make adjustment for amenities the comps have or don’t have compared to your home
- Free access To All Comparable Sold Homes In Your Area that will give a realistic market valuation overview
If you see you have a case and want to proceed further, access our Real Estate Valuation & Property Tax Appeal Training Coursethat is geared to both homeowners and to property tax consultant trainees. In the property tax consultant marketplace, the course is geared for both residential and commercial appeals. The financial reward are tops and there is very little competition.
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