Real estate property taxes are sky-high and increasing. When you scrutinize the quality of the property assessment, you’ll likely find a huge loophole. By engaging in a property tax appeal for a client you can save your client thousands of dollars and realize thousands of dollars commissions for yourself from contingency fees. This is one of the best home based business opportunities hardly anyone is aware of.

In good times or bad times, this home base business will prosper. Not many businesses have that guarantee. There are a huge number of errors in property taxes. When the assessment of a client is wrong, you simply go through the process appealing it.

You get paid when you win a property tax reduction for a client. If you save your client $2,000, you get paid $2,000 generally over 2 or 3 years, however you set the terms. And winning is easy. It’s a win, win situation for everyone.

Government statistics show the state and local government hiring has accelerated in the last 12 months. Meanwhile private firms have slashing staff. Despite the economic slowdown the public-sector jobs gains have actually sped up. Increased property taxes will likely pay the price.

State and local governments are in a budget crisis. You would know it when you looked at the payrolls. 338,000 new jobs have been created in the past 12 months. That’s far more than the 195,000 jobs in the 12 prior months. Result: many disturbed taxpaying homeowners.

With the fall in real estate prices, it pays to scan the horizon to see if a potential clients home valuation compares to the assessed price the tax assessor placed on it. All one needs to do compare recently sold homes.

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

What you need to do in this business is finding the value of residential real estate by comparing your client’s property with similar sold properties. You’ll look for comparable sales or properties in similar neighborhoods that sold for less than your clients assessment breakdown.

It’s a good idea to cooperate with the tax assessor. It makes no difference what the tax assessor finds. What counts is market value. The way to reduce your clients property tax is through comparing recently sold homes.

With recent decreases and abundance in lower-priced comparable home, the business of real estate property tax consulting is a very lucrative home base business proposition indeed! The entry costs are meager, the profit potential great.