Real estate property taxes are sky-high and increasing. When you scrutinize the quality of the property assessment, you’ll likely find a huge loophole. By engaging in a property tax appeal for a client you can save your client thousands of dollars and realize thousands of dollars commissions for yourself from contingency fees. This is one of the best home based business opportunities hardly anyone is aware of.
Processing property tax appeals for clients is a recession proof business. No matter what the economic conditions there are always an abundant number of property taxes that are in error.
You get paid when you win a property tax reduction for a client. If you save your client $2,000, you get paid $2,000 generally over 2 or 3 years, however you set the terms. And winning is easy. It’s a win, win situation for everyone.
Nationwide, local and state government statistics show increased hiring’s and spending. Government spending is on a upward spiral with little in the way of brakes while private firms are focused on reducing overhead expenses and operating more efficiently to survive. How is government excess paid for? Property tax increases.
A budget crisis is developing in many state and local governments. Looking at the state government payrolls nationwide 338,000 new jobs have been created in the past 12 months. Result: many angry taxpaying homeowners.
With the fall in real estate prices, it pays to scan the horizon to see if a potential clients home valuation compares to the assessed price the tax assessor placed on it. All one needs to do compare recently sold homes.
Giving a quick look to The National Taxpayers Union statistics and you see where they write that as many as 60% of all homeowners are over-assessed and not in line with their home value. (“How To Fight Property Taxes” 2004 p.1
The value of residential real estate is estimated by comparing the subject with similar properties that have been sold recently. Look at your neighborhood to find comparable sales or properties in similar neighborhoods that share similar characteristics of lifestyles, income level of residents, surroundings, average age and value of house.
It’s a good idea to cooperate with the tax assessor. It makes no difference what the tax assessor finds. What counts is market value. The way to reduce your clients property tax is through comparing recently sold homes.
With recent decreases and abundance in lower-priced comparable home, the business of real estate property tax consulting is a very lucrative home base business proposition indeed! The entry costs are low, the profit horizon great.
With current decreases in comparable home, the business of real estate property tax consulting is a very lucrative proposition indeed! From all the home businesses available, this is one of the best. Get the complete picture at: legitimate home based business
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