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Work At Home Business - Property Tax Consulting Opportunity |
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Written by George Evers
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Monday, 26 January 2009 04:19 |
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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.
by GeorgeEvers
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.
Many similarities exist when compared to financial planners, doctors, accountants, appraisers and lawyers. All have a broad client base that brings in more business than they can handle by word of mouth when developed. Most people want to save money in their property taxes.
If you win a $1,900 tax reduction your contingency fee is normally equal to the tax win. The way to set up your contract is to spread commission over a 2 or 3 year period. Also a small upfront fee can be 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.
Towns and municipalities routinely conduct a municipal-wide mass appraisal every 7 to 15 years to come up with individual property values. This is called a blanket reassessment.
The town will not hire an appraiser to do the job of individually assessing the value of a home. It would be too expensive. Mass appraisals are bid on and the lowest bid wins. Usually a walk around and look see is all that takes place in this type of blanket appraisal.
The appraisal done by a blanket appraiser needs a hard look. Observations are recorded on a property record card. Sometimes only a drive by occurs where notes are taken if the property has changed since the last mass appraisal. Ask yourself how much scrutiny can be given to a property when the low bidder needs to make a profit on top of his $15 per home winning bid. Also, the information gathering personal hired may have questionable observation skills.
Mass appraisers values need to be checked into. Recent changes in market values need to be addressed. Homeowners need help. Because the lack the knowhow and time to look into their taxes they need help.
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.
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