Work At Home Business – Process Property Tax Appeals!
Property tax assessment values can be quite arbitrary and loopholes allow for large property tax reductions resulting in thousands of dollars in tax savings. The National Taxpayers Union writes that as many as 60% of all homeowners are over-assessed.
When you’re in the property tax consulting business, you’re a detective. By discovering homes that sold for less than the assessed value or your client and challenging those false values you make wrong right. Most homeowners don’t have the time or knowledge to challenge their real estate property taxes. The homeowner needs a property tax consultant and this presents a great work at home opportunity.
Just about any homeowner or property manager can use the service and is a candidate for the service. Just about every homeowner will want to sign up. A few basic forms proving the reduced market value and follow up will pave your way to earning an amazing income.
Many similarities exist when compared to financial planners, doctors, accountants, appraisers and lawyers. All have a broad client base that brings in more business than they can handle by word of mouth when developed. Most people want to save money in their property taxes.
Contingency fees are based upon winning a case. If your win a $2,500 reduction for your client, than you will see the full $2,500 fee spread over a one, two or three year period of time or however you may want to arrange the contract. You can also charge a one-time up-front fee for a property tax analysis. This analysis could take as little time as 15 minutes for you to determine if you want to take the case farther.
Something seems to have happened to the mind set of state and local governments. They are on a continuous spending binge. Recent national figures show higher payroll figures and larger budgets. This means continuous aggravation to the homeowner taxpayer by passing on large tax increases and makes for an easy selling proposition.
About every 7 to 15 years a town will do a blanket reassessment for the real estate values within their jurisdiction. This mass appraisal is done to line up dollar values with the current market.
Hiring an appraiser to individually appraise each home their jurisdiction would be too expensive for a municipality. The blanket appraisal is put out to bid with the low bid winning. This type of blanket appraisal involves just a quick look and walk around.
Consider who’s doing the re-appraisal. The mass appraisal process provides valuation, although quickly obtained, on forms that become transferred to your property record card. To the person measuring your home, time is of the essence and errors occur. Sometimes the appraisal process involves merely driving by to note if there are any changes (called a “windshield appraisal”). Ask yourself, how much attention was given to a property if less than $15 or $20 was allocated per appraisal less the profit the bidder intends to earn from his winning bid. The people employed to gather the information (hired by a mass appraisal contractor tying to make a profit) are on a quota, have questionable appraisal skills and are not a substitute for careful analysis.
The homeowner needs help to check the blanket appraisers figure and to account for changes in market values. Because taxpaying homeowners are stressed for time and lack know how they need someone’s help.
State and local government will likely not curtail their spending habits. Therefore this work at home business will be in high demand long into the future. A goldmine of opportunity exists in this business opportunity.
