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The housing market continues to suffer but our property taxes are still skyrocketing.
The government is taking more and more of your hard earned money during these tough economic times.
But there are ways you can lower those property taxes here to help its financial journalist -- -- I wouldn't go over these numbers again because they just blow me away you look at the property tax collections.
Up up up 2008409.
Billion people are really struggling out there.
How do you appeal these.
Well you when it comes to -- During an account is different how to go about assessing the properties and in -- -- one -- in three years every five years to your first option really be to the local town hall find out how they assess the properties but the appeals process entails what you need to file an appeal when the deadlines are.
And then why -- there.
They've really gonna get a copy of your property card because that's what the -- is used to determine your your -- night.
How many bedrooms are on the property in the -- coming back up there big time mistakes on its mistakes are more common than you would thing according the National Taxpayers Union thirty to 50% of property cards.
Contain mistakes basic math mistakes miscalculations.
All sorts of mistakes show up on -- -- and you can fix some on the spot and avoid a formal hearing altogether so you see mistakes.
Well I mean interesting some of them do that this stuff with software so they really have no idea what they're talking about it and it's your job to make sure their right.
-- -- some -- -- just you drive by assessments you know they assume you have three veterans you really only have -- -- -- finished basement down.
So you really need to take the initiative.
Know the neighborhood you have to know what comparable homes near neighbor heard have been selling for this is where sites like zillow come in handy.
How some of these other sites are really popular as well talk to neighbors talked a real estate people and if you find that your home is assessed at five to 10% more than the cops and you probably.
Have a case such as something to to keep in mind are right let's talk about actually appealing you know we've seen the property record we know what they think you have yet -- I -- -- But -- comes out of brass -- I -- -- file an appeal now I have got to pale and it is a bit of our process we do have a window in which to do this but you have to do something in writing.
The reason why you think your -- -- assessed for two months is again of the property parents come in -- here.
Also photos of your home you wanna show that you know you -- you have a leaky roof -- whatever the case may be.
Even having like.
Living next to allow bar something may actually help your hot slowing your I -- -- people are trying -- and the thing maneuvers because everyone's writing their taxes are going up as you point out home values are down so.
You got about 60% of the homes are assessed for too much of your home was assessed during the bubble years 20052000.
Sex you think -- paying too much.
Definitely worth considering I can feel myself feel I don't have to go out and hire some expense of the turn to tell you.
Every week there is another letter in my mailbox from somebody who's doing this for a living there is no assurance are professionals who would be happy to how you for your -- -- that's right exactly how qualified are they did and -- just taking issue attempting to go it alone.
And some of the boards -- are going to be more sympathetic if you got along -- if you bring in the heavy hitter.
And you going to save as well because the guys who were volunteering to do it they're gonna -- -- left flat percentage of your first year's tax savings and that could be.
Pretty significant up to 50% of your first -- tax implication doesn't consider doing us.
If if you think you're paying too much we won in three appeals does lead to some sort of tax reduction in the tax reduction is on average a couple hundred dollars to 5000 dollars a year so.
It could be fairly significant my understanding is that the hit rate is really really high -- you work this and you really prepare your case.
And you realize that -- as you said compared to local properties properties in your neighborhood properties like the one you want.
You have a very good chance of winning you really you have to do some research found -- a -- -- time consuming little tedious you should actually go to some of these appeals in just to familiarize yourself of the process see how it works -- what's going down what works what doesn't work.
Might I might I love about how to play for a fight fight fight here -- --
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