How To Lower Property Taxes
If you do not want to pay extra tax for your house, you need to know how to lower property taxes. Are you tired of paying overpriced taxes just to keep your house? If yes, there is help. As property value has decreased across the country, so should property taxes. According to ABC’s Good Morning America, as much as 60 percent of the homes are overaccessed, which means if you are a home owner, chances are you are paying too much property taxes. In this article, we will show you how you can lower property taxes with these simple steps.
Things you'll need:
- Internet access
- Independent appraiser
- Know what property taxes are. Property tax is one of the most controversial taxes in the United States. It is collected by local government in order to maintain basic essentials, such as police, fire stations, schools and more. It is controversial due to the way its calculated in different municipalities. Most tax payers have no idea how to calculate the property taxes.
- You should know the value of your house. It doesn’t matter how property taxes are calculated, taxes are always based on your house value. You need to check the accuracy of your property’s assessment with the municipality’s property accessor’s office to make sure they have accessed your house within a reasonable range.
- How do you access the value of your property? In order to determine whether or not the city municipality has correctly accessed your property, you need to know the value of your property. This can be done with a few simple steps. You can start with websites such as Zillow.com to determine a rough value of your house. If it is too high, you may proceed to the next step.
- Hire an independent appraiser for a correct assessment. An independent appraiser can access the value of your house. However, you want to make sure the appraiser you are hiring is certified by National Association of Independent Fee Appraisers or by the American Society of Appraisers.
- Start the appealing process. Only two to three percent of the homeowners appeal on their property taxes and they have a success rate of twenty to 40 percent. If you have credible evidence, such as appraisal from an independent agent, you have a shot at a lower property taxes for years to come.