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Home > Real Home Base Business - Process Property Tax Appeals!
Real Home Base Business - Process Property Tax Appeals!
By: George Evers
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.
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Processing property tax appeals for clients is a recession proof business. No matter what the economic conditions there are always an abundant number of property taxes that are in error.
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.
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.
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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 disgruntled 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.
Look to The National Taxpayers Union for an idea how much opportunity exists for the Property Tax Consultant. 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
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.
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.
When you look at the oversupply of lower cost sold home to compare your client?s home to, this home base business proposition is a slam dunk. It is an easy service to sell. Compared to most businesses, the cost of entry is low and the profit expectations are high.
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