Reduce Property Taxes

APPEALING YOUR PROPERTY TAXES - 2011

REDUCE PROPERTY TAXES - Its Worth A Try

Instead of going down, everything seems to have the habit of going up. Especially things like taxes. Property taxes are probably one of the worse culprits. Sometimes it makes you wonder whether it is worth owning your property for the expenses it incurs. You struggle along trying to make ends meet and have all the extra stress of taxes, maintenance and mortgage payments. Admitted, if you didn’t have a mortgage you would have rent, but then you wouldn’t have all the extra expenses that go along with the mortgage.

It is the wish of everyone who owns property to reduce property taxes. Though the government always has other ideas and reasons for raising the taxes. Think Historically. Didn’t King John in England send his messengers round to the pitiful homes and shacks to collect his taxes so that he might live a fabulous lifestyle in his castle. He was of course protected from the angry peasants by a large stone wall and a moat. Things don’t change much anywhere in the world. Makes you want to go live in a tent, or on a remote island.

One possible escape, besides renting, from property taxes is to launch an appeal. This can be done at any time but the earlier the better if you want to reduce property taxes for the coming year. Checking dates would be good as most offices have deadline for this type of appeal. If your home no longer exhibits the market value of the property, then you have good reason to appeal the taxes. For instance, the homes in your area could be dropping greatly in value, therefore reducing your equity and assessment value. In which case should reduce property taxes for the area.

There is legal help available to advise and assist with an appeal. They have the ability and access to files and documents that you are not permitted to view, giving them an additional advantage. In some states, identical homes can have different tax assessments. There are forms to complete and many questions to answer. Descriptions of local properties to compare with your own whose taxes could be higher or lower than yours. It is something you should pursue if you believe you need to reduce property taxes. Do not just settle for one, you must have several comparisons to show the assessment authority, higher and lower. Explaining what the difference is, if there is any, in your property and others.

As property tax is such a large yearly bill, your circumstances and property assessment should be reviewed and the tax office approached with a request to reduce property taxes for your home. It is quite a common procedure and many are successful when pointing out the differences and the areas average property tax amount. Every time you add something to your home, for instance a tool shed or a concrete driveway, if the tool shed is permanent the taxes will go up. If the driveway was previously dirt, the taxes will go up. Keep track, monitor the neighborhood and if you think you are paying too much start an appeal to reduce property taxes. If you would like professional information on how to appeal your taxes be sure and check out Easy Tax Fix for some helpful tips..