November 21, 2008
High Property Tax Appeal Fees Beg For Tax Consulting
Most homeowners have little knowledge or time to look into their individual property taxes and don’t know if their taxes are correct. Hiring professionals is extremely expensive. Besides, appealing their property tax assessment may not fit into their busy schedule and is a bother they would rather have someone else look into.
Historical evidence indicates that property tax assessments are not reliable.
- Consumer Reports has published that property tax records show an error rate of 40% exists in estimating property taxes. (Nov.1992 v57 nil p.723)
- The National Taxpayers Union writes that as many as 60% of all homeowners are over-assessed and not in line with their home value. ("How To Fight Property Taxes" 2004 p.1)
Appraisal fees can range $400 to $600 in some areas. For instance, in the California/Nevada market check: http://www.judydowdy.com/Services
Couple that with attorney fees of $200 to $400 an hour with defined minimums. See http://www.costhelper.com/cost/finance/tax-attorney.html for typical cost structure.
All this expense with no guarantee!
It's easy to see why the homeowner is at the mercy of the tax assessor. Many A homeowner needs help to figure out and appeal thier property taxes if that is the case. Often homeowners are stressed with family and work and have little time left to do it themselves.
There are deadlines to follow until next year’s appeal period starts up again.”
If you miss this year, you might be able to apply for a re-assessment next year. Homeowners have a better chance of getting a lower assessment if they submit appropriate, qualitative information quickly. The property tax consultant home business opportunity can be a great work from home business where those so engaged become the homeowners hero.
By charging a fee contingent only if the appeal is successful (other than a small filing fee), the property tax consulting business is a win win situation for the homeowner and consultant alike. With real estate prices declining, finding lower priced comparable homes is not rocket science.
PropertyTaxConsult.com offers a complete course that will enable anyone who desires to get into the property tax consulting business a complete education, as well as forms to use and complete business setup. It can be further investigated at their website. The cost of entry is low, the rewards great.
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