Are Your Paying Too Much in Property Taxes?

By
Real Estate Agent with Berkshire Hathaway HomeServices Fox & Roach, REALTORS® AB067539

There are several steps every homeowner should take to investigate whether or not their property taxes can be lowered:

  • Get your detailed property tax assessment record online or from your assessors office. Its possible your entire neighborhood has been over-assessed.
  • Check the accuracy of the details about your home used in your tax assessment. Determine if your propertys size and description are accurate. Errors are commonly made in transferring data from paper to online. Make sure details like the number of bedrooms and bathrooms is correct.
  • If errors have made your assessment higher than it should be, try working informally with the assessor rather than going through a formal appeal process.
  • If the correction cannot be made informally, youll need to make a formal appeal. There may even be a process for appealing your taxes online. Keep in mind that there is usually a narrow window of opportunity in which to file an appeal. Some jurisdictions set aside a time every year to hear appeals, while others only consider appeals for a few months after your house has been reassessed, which is often not every year.
  • Depending on your municipality, you might also be eligible for property-tax exemptions, which range from senior citizen and active-duty military exemptions to ones for those who own livestock.

Be sure to maintain records throughout the entire process. The proper documentation will be critical to supporting your case.

_______________________________________________________________________________________________________

Whether you are buying or selling a home, George Maynes will always work in your best interest while helping to make your real estate transactions as stress free as possible.  

George Maynes and his team are excited to assist you in all of your real estate transactions.  Please contact George Maynes for a FREE (no obligation) consultation if you plan to buy and/or sell a home.  We will provide you with reliable advice so you can make informed decisions. 

www.GeorgeMaynes.com

George Maynes
Prudential Fox & Roach, REALTORS®
2451 Fairmount Avenue
Philadelphia, PA 19130 
George.Maynes@prufoxroach.com
Cell: 215-317-3007
Office: 215-627-6005

 

 

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Rainmaker
252,640
Kathy Denworth
Century 21 Schwartz Realty - Islamorada, FL
Realtor in the Florida Keys, Islamorada, Key Largo

I just did a CMA for some past clients because they want to know the value of their home in the current market. I did my 20% of Sq Ft and 5 miles away. They are being taxed at $1.1 Mil. The comps say $600K. Hmmm.

March 16, 2011 09:03 PM #1
Rainmaker
449,768
Sarah Oswald
Eastvale Team Realty & Property Mgmt - Corona, CA
Broker, Realtor, CDPE, CIAS, SFR , Investor

Yes, we need to make sure we are not being overtaxed. Most of the home values have depreciated the last 2 or 3 years and if you haven't seen a decrease in your property taxes, you most definitely are overpaying uncle Sam.

March 16, 2011 09:07 PM #2
Rainer
11,625
Steve Simer
FREEDOM REALTY - Barksdale AFB, LA
Moving to Bossier City Call(318)218-2824

George, I would like all the people who say they don't pay enough Taxes, to come pay mine. ;o)

March 16, 2011 09:09 PM #3
Ambassador
766,207
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise in NE Philadelphia & Bucks County

George very good advise

HelpfulHannah

March 19, 2011 10:35 PM #4
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George Maynes

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