![]() "Your Online PR and Free Content Source" Submit Your Articles, Press Releases, and Books/Ebooks, Get Free Content |
|
Featured Books
GENIUS NOW: The Mastermind Blueprint
Systems = Freedom!
5 Ways to Use Photos and Facebook
Creating and Marketing Information Products
7 Secrets for Turning Your Ideas into Action for Creative Entrepreneurs
Boost Your Biz with a Blog: It's Not an Option Anymore!
Allow More Success - Pay Attention to Your 5 Energies
|
Property Tax Assessment Appeals to the Rescueby Nancy Spivey Send Feedback to Nancy Spivey fair market real estate valueMore Details about fair market real estate value here.
Books by this Author
How would you make sense of these numbers? If you just took the average of the numbers it would equal $150K. So, what do you do now? Further define the differences in your property and the other comparable sales. One way to do this is to use data from a real estate agent and website like www.homegain.com. Another way is to simply drive by the address of each comparable property (this shouldn't take much time since they are right in your neighborhood). When you view the comparable properties, look to see how similar or different they are from your property. You might find that the properties selling for the higher end prices of $157K and $165K are brick, while your home and those sold at $138K and $140K have siding. Or you might find that the more expensive properties are larger than yours or have other differences that would make them worth more. Whatever the situation, it is a good idea to take a picture while you are there to show the differences. If you've found some substantial differences, it's time to submit your real estate tax appeal. There is a deadline for the appeals process so pay attention to the deadline dates on your tax bill. Simply write a letter including your parcel identification number explaining why you are appealing the tax assessed value. Include your comparable sales documentation, pictures and other documentation. You will receive one of two responses to your appeal letter. Your tax assessed value may be adjusted based on your appeal letter. However, you won't always win the real estate tax appeal process that easily; your response letter may be a notice that you are required to go before the board of equalization to further dispute the tax assessed value. At this point, you have to decide if it is worth your time based on the potential savings. Don't forget that the tax assessed value not only affects your bottom line, but if you get ready to sell your house, the buyer will have to consider the tax bill as part of their expense. The tax amount on the property will impact their monthly mortgage payment, which impacts the amount they can pay for a house. The simple fact that you have appealed your tax value and that it is in line with the fair market real estate value for your property can save you money now and be help when you are ready sell. To learn more about real estate fair market value analysis, visit http://dealsorduds.com . © 2008 Nancy Spivey
Nancy Spivey, known as The Real Estate Investor’s Resource, is an active investor, speaker and coach. Through her training and coaching programs, she helps new and experienced investors create profitability, productivity and prosperity. Nancy serves on the board of directors for the Georgia Real Estate Investors Association, the largest investor association in the U.S. She is also the host of Real Estate Reality Radio. For a free copy of the eBook, The Science of Getting Rich, a list of Nancy’s Private Rolodex Resources, and information on events go to www.transformit.net and sign up for her free ezine, which is loaded with free tips, resources and tools that will help you create profit, productivity and prosperity in real estate investing!
Keywords: property tax assessment appeals, real estate tax appeal, This article has been viewed 573 time(s).
Does this article infringe on your copyright?
IdeaMarketers.com
|
|
SheLovesGod
| Books
| Create A WOW
| I Am Joyful
| SyndicatedWriters |
ReadyToPublish |
EzineBuilder |
Good News |
LocateACoach
|
|
Media Room -
For Writers -
Writer Signup -
Get Content -
Info Desk -
About
IdeaMarketers is a Project of Pehrson Web Group |
Please Note: IdeaMarketers is a free-forum where
anyone may sign up for a free writer account or publisher account and post. It is always up to the
discretion of the visitor to decide about anything mentioned on the service. We do not personally
endorse any company, person, product or service listed on our site unless we explicitly say we are endorsing them.