Author Box
Articles Categories
All Categories
Articles Resources

Learn How To Save Money On Your Property Taxes

February 12, 2011 | Comments: 0 | Views: 73

Did you know you can appeal your real estate values set forth by your taxing jurisdiction? I want to give you some basic guidelines on knowing how to make a confident appeal to save money on your property taxes. It's up to you to provide legitimate reasons why you feel the assessor has over valued your property. Here's some recommendations to back up your values.

1. Have you had an appraisal of your property done recently?

2. Does your home have structural problems?

3. Have you noticed homes similar to yours that are selling and revealing declining property values?

This last question concerns using comparable sales to find values. Let's take a closer look at using this method. You can obtain comparable sales data from files at the county assessor's home office, real estate agents or title companies. A person should work with real estate sales that are most identical to your property, and which sold nearest to the assessment or appraisal of your real estate. The preferred sales comparisons are sales of very similar properties in your locale or vicinity. For every different comparable sale you utilize, make sure to incorporate the parcel or account number, property address, date of sale, sale price and comparable property attributes.

Comparable attributes to take into account are:

  • Specific location-sales in the same subdivision or neighborhood
  • Land comparison-lot size or acreage
  • Desired attributes such as a view or waterfront
  • Sewer or septic systems
  • Unfavorable elements such as an accessibility difficulty
  • Water systems
  • Zoning Developments
  • Form of construction-wood framework, brick or other
  • Square footage of entire finished living space
  • Year built
  • Number of stories
  • Improvement style and quality
  • Building condition
  • Quantity of bedrooms and bathrooms
  • Fireplace
  • Garage or car port

Other Supporting Data

  • A map displaying the specific location of your real estate and comparable sales properties
  • Certification by others regarding issues
  • Prepared estimates of the expense to fix issues
  • Pictures

Appealing your property values is a property owners legal right. If you can't reach a settlement with the assessor's office on lowering your values then by all means begin the appeal process. Utilize the sales comparison technique guidelines as recommended above and get your property taxes lowered.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Property Taxes


Save Money


Comparable Sales


Property Values


Declining Property Values


Real Estate

The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 558

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 303

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 288

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 300

Tax liens are like government restrictions on certain properties. These so called restrictions are usually imposed on specific lands and properties that are usually delinquent in the loan or mortgage

By: Andrea Averyl Finance > Taxes Propertyl June 21, 2012 lViews: 143

When you can no longer maintain your monthly mortgage payments and real estate taxes, you risk losing your real estate to the government through foreclosure. Once your real estate taxes have entered

By: Antoinette Ayanal Finance > Taxes Propertyl June 20, 2012 lViews: 161

Homebuyers need resources in today's marketplace if they hope to find the best deals on properties. Articles like the one you're reading now, are all about pointing you in the right direction and

By: Kevin P McGeel Finance > Taxes Propertyl June 10, 2012 lViews: 150

What should you consider in relation to the property taxes you will have to pay when investing in investment property? This article discusses what taxes you pay and how different structures can

By: Julian Thorntonl Finance > Taxes Propertyl June 01, 2012 lViews: 175

There are a number of property tax reduction programs available to property owners. Although many of the tax reduction programs are similar, each has it's own set of rules for the tax appeal process.

By: Gerald Fishl Finance > Taxes Propertyl May 14, 2012 lViews: 138

Fair to say, if you are living anywhere in the country, you are probably paying more property taxes than you should. The National Taxpayers Union, in fact, estimates that approximately 60% of all US

By: Peter A Jordanl Finance > Taxes Propertyl April 16, 2012 lViews: 132

Some call it the necessary evil. We all know we have to pay for schools, fire departments, police protection, roads, and the list goes on unfortunately. So in the case of an emergency its nice to

By: Jonas DuBoisl Finance > Taxes Propertyl February 13, 2011 lViews: 61

Discuss this Article

comments powered by Disqus