October 6, 2008
Property Tax Consulting - Work From Home Opportunity
Helping homeowners lower their property taxes as a part-time business idea can be a good if not the best home based business. A lot of people are struggling to keep up with property tax increases. Bankruptcies are being filed and people are losing their houses. People shouldn't be paying taxes higher than what their properties are worth.
We're seeing so many families facing foreclosure or rising property taxes while their home values fall and that doesn’t sit right with most people’s senses. Most people don’t have the time or knowhow to challenge their property taxes. That is where this work from home business shines. The role of a property tax consultant is to help people with their taxes.
Property tax consultants work on a contingency basis. What that means is that they do not charge their customers other than a onetime investigation fee for their services unless they win a property tax reduction for their client
When a case is won for a client the client rewards the property tax consultant by sharing the winnings. After all, it does not cost the customer anything unless the property taxes are reduced. It’s a win, win situation for you and the homeowner.
Where the reward money lies is in the contingency fee. When you win your case for the client you receive 100% of the tax savings. For example, your client's property tax is $10,000 and you saved them a typical 20% on their assessment, your fee would be $2,000. The payment is spread out over 2 or 3 years so the client is rewarded by seeing an overall tax saving.
In this climate of falling home prices, finding comparable sold homes that sold for less value than the assessment price placed on your home are easy to find. Upon finding good comparable sold home and with using a good property tax appeal manual, you should be able to get a reduced assessment and pay less property tax on your client’s home.
A onetime non-refundable fee is charge the client. This one-time equalization fee helps defray your costs for gasoline and overhead. This is especially helpful when you are starting out. If the case doesn't pan out you have the one-time fee. You’ll learn how to determine if you have a case or not fast and inexpensively.
Just about everyone wants to save money on their property taxes. It is a very easy service to market. With shrinking real estate values giving government less tax receipts, local government if forced to raise the tax rate to fill their coffers and meet expenses. Customers who want to appeal their property taxes will never be hard to find.
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