Aiding taxpayers|Helping homeowners lower their tax assessments as a part-time business idea can be a good if not the best home based business opportunity for many. A lot of people are struggling to keep up with property tax increases. Bankruptcies are being filed and people are losing their houses. People shouldn't be paying taxes higher than what their properties are really valued for.
High property assessments usually go unchallenged because most people lack the time, energy or know how to tackle the job. Many a homeowner would love to have someone that this business opportunity offers to look over their property tax assessments. Glaring errors exist especially with the decrease in comparable home prices. A property tax consultant helps people contest these inaccuracies.
Property tax consulting is worked on a contingency basis. In other words, you do not charge a fee for your services unless you achieve a tax assessment reduction for that person other than a small processing fee.
Lowering tax assessment is an easy matter since there are so many favorable comparable properties to make your case. You are rewarded from the homeowner by their 1st year tax reduction. The fee in essence, doesn't cost the homeowner any money. It is a win, win situation for all.
Where the reward money lies is in the contingency fee. When you win your case for the homeowner you receive 100% of the tax savings. For example, your client's property tax is $10,000 and you saved them a typical 20% on their assessment, your fee would be $2,000. The payment is spread out over 2 or 3 years so the client is rewarded by seeing an overall tax saving.
In this climate of falling home prices, finding comparable sold homes that sold for less value than the assessment price placed on your clients home are effortless to find. The time is opportune for this legitimate home business. Upon finding good comparable sold home and with using a good property tax appeal manual, you should be able to get a reduced assessment and pay less property tax on your client's home.
Charge a small one-time fee to help offset your overhead costs. When you are starting out, this is helpful. You'll want to cherry pick the more expensive homes and those cases you feel you have the best chances to win.
It's hard to find someone who doesn't care about their property taxes. A lot are agitated over it. And finding clients, especially in today's financial environment, is relatively simple. When real estate values become lower, governments raise the tax rate to meet their budget. - 16003
High property assessments usually go unchallenged because most people lack the time, energy or know how to tackle the job. Many a homeowner would love to have someone that this business opportunity offers to look over their property tax assessments. Glaring errors exist especially with the decrease in comparable home prices. A property tax consultant helps people contest these inaccuracies.
Property tax consulting is worked on a contingency basis. In other words, you do not charge a fee for your services unless you achieve a tax assessment reduction for that person other than a small processing fee.
Lowering tax assessment is an easy matter since there are so many favorable comparable properties to make your case. You are rewarded from the homeowner by their 1st year tax reduction. The fee in essence, doesn't cost the homeowner any money. It is a win, win situation for all.
Where the reward money lies is in the contingency fee. When you win your case for the homeowner you receive 100% of the tax savings. For example, your client's property tax is $10,000 and you saved them a typical 20% on their assessment, your fee would be $2,000. The payment is spread out over 2 or 3 years so the client is rewarded by seeing an overall tax saving.
In this climate of falling home prices, finding comparable sold homes that sold for less value than the assessment price placed on your clients home are effortless to find. The time is opportune for this legitimate home business. Upon finding good comparable sold home and with using a good property tax appeal manual, you should be able to get a reduced assessment and pay less property tax on your client's home.
Charge a small one-time fee to help offset your overhead costs. When you are starting out, this is helpful. You'll want to cherry pick the more expensive homes and those cases you feel you have the best chances to win.
It's hard to find someone who doesn't care about their property taxes. A lot are agitated over it. And finding clients, especially in today's financial environment, is relatively simple. When real estate values become lower, governments raise the tax rate to meet their budget. - 16003
About the Author:
Before looking into just any business idea, check out and inspect probably the best home based business around. Property tax consulting is about discovering errors in property values and sifting wrong property values. Since the challenging evidence falls on the individual homeowner, most don't have the time, energy or the know-how to challenge their property taxes effectively.
