Friday, July 19, 2013

Work At Home Opportunity Goldmine - Property Tax Consulting!

By G. Evers


Real estate tax assessments are made in a way that leaves big holes in accuracy. Finding areas that reduce assessments allow for thousands of dollars in savings. The chances for finding areas to adjust is quite high. The National Taxpayers Union states 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.

Doctors, lawyer's accountants, appraisers and financial planners have something in common. They all have broad client bases and word of mouth fosters growth. Most people will welcome someone looking over their shoulders to analyze their property tax bill.

When you sign a client, they agree to a contingency fee based on you winning the case. When you win your client's case and say you save them $2,000 in their tax, you'll see a $2,000 commission spread over 2 or 3 years (however you set it up in your contract). A small upfront fee is also normally charged for a basic analysis.

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.

The town will not hire an appraiser to do the job of individually assessing the value of a home. It would be too expensive. Mass appraisals are bid on and the lowest bid wins. Usually a walk around and look see is all that takes place in this type of blanket appraisal.

Just consider who performs this appraisal. The observations are put on property record cards and time is limited and errors occur. Often this type of appraisal involves a drive by noting if a change occurred compared to past record cards. Just ask yourself, how much attention is going to be made when only $12 to $20 is spend per property and the high blanket appraiser bidder needs to make a profit for his efforts. Furthermore, the information gathering individuals hired may have questionable skills.

Mass appraisers values need to be checked into. Recent changes in market values need to be addressed. Homeowners need help. Because the lack the knowhow and time to look into their taxes they need help.

Government probably will not tighten up their budgets by any large extent and higher taxes will be the norm. This work at home opportunity can be your goldmine.




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