Most homeowners are over paying their property taxes. If you can get your property value reassessed you can...
Most homeowners are over paying their property taxes. If you can get your property value reassessed you can lower your property taxes. This can be done free. And you can do it yourself, and there are some companies that I profile who provide a service to lower your property taxes for you. Some charge a small fee or a percentage of your savings. Unfortunately your local government does not adjust your property taxes downward when property values decline. So it is up to you to do something about your high property taxes. Another important point is this, The Fed has lowered rates several times now, so the financial and real estate markets will begin to rebound. This might be the only sweet spot in a declining real estate market. After the economy recovers, you may still may be entitled to a lower property tax.
Right now is the best time to maximize your tax savings. Three ways you can lower your property tax assessed value. 1. Is to do it yourself. 2. Is to hire a service to do it for you. 3. Buy a book and then do it yourself. If you bought your home in the last 4 years there is a great chance you can lower your property taxes by a couple thousand dollars per year. This window of opportunity is going to close when the real estate market rebounds.