Work At Home Business – Process Property Tax Appeals!
Property tax assessment values can be quite arbitrary and loopholes allow for large property tax reductions resulting in thousands of dollars in tax savings. The National Taxpayers Union writes that as many as 60% of all homeowners are over-assessed.
When you’re in the property tax consulting business, you’re a detective. By discovering homes that sold for less than the assessed value or your client and challenging those false values you make wrong right. Most homeowners don’t have the time or knowledge to challenge their real estate property taxes. The homeowner needs a property tax consultant and this presents a great work at home opportunity.
Just about any homeowner or property manager can use the service and is a candidate for the service. Just about every homeowner will want to sign up. A few basic forms proving the reduced market value and follow up will pave your way to earning an amazing income.
The property tax consulting business is similar to that of accountants, appraisers, financial planners, doctors and lawyers in that a broad base of clients will bring you more business than you can handle. Just about everyone wants to save money on their property taxes.
When you sign a client, they agree to a contingency fee based on you winning the case. When you win your client’s case and say you save them $2,000 in their tax, you’ll see a $2,000 commission spread over 2 or 3 years (however you set it up in your contract). A small upfront fee is also normally charged for a basic analysis.
Across the board, state and local government cannot seem to rein in spending. Higher payrolls and budgets mean yearly tax increases. Aggravated homeowners don’t need too much a nudge to become clients.
About every 7 to 15 years a town will do a blanket reassessment for the real estate values within their jurisdiction. This mass appraisal is done to line up dollar values with the current market.
For the taxing authority to employ an appraiser would be too costly. A mass appraisal is determined by legal and budgetary decisions and each town has its own agenda. The lowest bid wins. The mass appraisers are contracted to view the properties front and back, which is commonly referred to as a walk-around appraisal.
Consider who’s doing the re-appraisal. The mass appraisal process provides valuation, although quickly obtained, on forms that become transferred to your property record card. To the person measuring your home, time is of the essence and errors occur. Sometimes the appraisal process involves merely driving by to note if there are any changes (called a “windshield appraisal”). Ask yourself, how much attention was given to a property if less than $15 or $20 was allocated per appraisal less the profit the bidder intends to earn from his winning bid. The people employed to gather the information (hired by a mass appraisal contractor tying to make a profit) are on a quota, have questionable appraisal skills and are not a substitute for careful analysis.
Help is sorely needed to check up on the mass appraisers judgment. Also recent changes in market conditions need to be accounted for. Since homeowners don’t know how and are too stressed time wise to make a property tax appeal they welcome someone to help them with their property taxes.
Unless government tightens its belt, higher taxes one way or another are inevitable. Until that happens, this work at home business service will be in high demand. As long as high taxes continue, the services of a property tax consultant will be eagerly sought.
Get complete access to a bona fide consulting home business package. A complete work at home opportunity turnkey system aiding others with their property taxes and cashing in on property valuation declines. http://www.propertytaxconsult.com
December 15, 2011 | Posted by George Evers
Categories:
Tags:
Recent Comments