A Hot Emerging Home Base Business - Process Property Tax Appeals!
Engaging in a property tax appeal for a client can earn you money. Real estate property taxes are sky high and are not going to go away. When you find areas to contest in the property assessment you and your client win. You’ll save your client thousands and you’ll earn thousands in contingency fees.
A home base business that specializes in homeowner property tax reduction is one of the few businesses that will proper in good times and even better in bad times. And when assessments are out of whack, appeal that property tax!
Winning property tax appeals for a client is not difficult and you are rewarded by a large contingency fee. If you save them $2,500 in property taxes your fee will be $2,500 spread over 2 or 3 years. That way the client sees a positive savings from your service. It’s a win, win situation.
In almost every state, local and regional government hiring and spending is accelerating. On the other side, private business has been cutting overhead expenditures. Property tax increases pay for government excess.
State and local governments are facing a mismanaged budget crisis. Large numbers of new jobs have been created in government. Result: many upset taxpaying homeowners.
With real estate prices falling, it is easy to find homes that sold for less than your potential clients assessed value. The real estate “sold” listings show an abundance of low-priced comparable homes.
Giving a quick look to The National Taxpayers Union statistics and you see where they write 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
Real estate is estimated by comparing your client?s property with similar sold properties. You’ll look in neighborhoods that share similar characteristics of client?s house.
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 low, the profit potential great.
