Property Tax Appeal Consulting Course Review
Very little time was invested in determining true market value when an assessment of your property occurred.
I’ll want to show you the opportunity that exists in your area and show you how to make mountains of money 2 months a year. When homeowners get their yearly property tax assessment letter they have usually 2 months to appeal their property tax.
Considering, this you need the course right now to prepare for those 2 months.
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HELP THE OVER-ASSESSED!
Be as savior in your local area:
Property Tax Consulting Course
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The fact is that experts tell us 40% to 60% of property tax assessments are erroneous and incorrect. Why? Isn’t the government always right?
It could be every 8 to 20 years an expensive audit is conducted on property valuation to equalize the real estate assessment of an area to actual market value. A town advertise for real estate appraisal companies and choose on a bid bases who won the blanket property tax assessment for all the homes within that township or municipality.
The winning appraisal company is usually the low bidder. Little money is allocated for a thorough inspection. The appraisal company needs to make a profit and the work is done fast.
Without blanket property tax assessment, often municipalities will roll over a previous year’s assessment using a multiplier. This is done without physical inspection.
Needless to say, errors occur. Sometimes BIG ERRORS!
Consider the small time investment in determining true market value when the last blanket property tax assessment occurred, there are many homes that should appeal their assessment. Rarely do they appeal.
How many homes are in your zip code and what percentage have suspicious property tax valuations?
The process has NOT changed. Cheap, hastily done blanket assessment contain errors and are often rolled over year after year. There is NO OVERSIGHT … unless appealed. Most don’t because of time constrains or process angst.
States with multipliers hoodwink many a homeowner into thinking they are under assessed. This can be called, depending on the jurisdiction, the sales ratio, the average ratio, assessment level, director’s ratio, the common level of 100% of true value, RAR (residential assessment ratio) or the equalization rate (which may not always be equivalent to the sales ratio).
Millage Rates Calculations
Some counties have millage rates. The millage rate is the amount per $1,000 of property value that is used to calculate local property taxes.
According to Investopedia: How to Apply Millage Rates
With the property’s tax-assessed value and the total assigned millage rate, a homeowner may calculate annual property taxes. A home’s tax-assessed value is a percentage of its market value. In some locations, the assessment of tax is on 100% of the market value. However, in other places, tax-assessed values can equal as little as 10% or less of the market value. The millage rate has an impact on the property’s tax-assessed value.
For example, consider a home with a market value of $200,000 in an area where the tax-assessed value equals 20% of the market value. As a result, the homeowner property tax has a basis of $40,000. The home’s total millage rate is 70 mills (70/1000), which means for every $1,000 assessed value, $70 in property taxes is due. Therefore, the homeowner owes $2,800 in property taxes ($40,000 * .07).
Property tax before credits = taxable value x total millage rate
Total property tax owed = property tax before credits – homestead credits and circuit breaks
Sales Ratio Calculations
Total Assessed Valuation divided by sales ratio = what they think your land and dwelling(s) are worth but not always what it will sell for in the marketplace.
Assessed value = market value x assessment ratio
Market Value = Assessed Value/assessment ratio
For Example: If the sales ratio for the year was 91.2% on a $400,000 assessed home:
$400,000 = $438,596
.912
$438,596 = what the taxing authority thinks your property and residence market value is worth and what they are taxing you on. HOWEVER, this may NOT be the actual market value of the home.
You think that they are underestimating the valuation of your home by giving you that $400,000 assessed value.
For Example: If the sales ratio for the year was 71.7% on a $218,000 assessed home:
$218,000 = $304,044
.717
$304,044.63 = what the taxing authority thinks your property and residence market value is worth and what they are taxing you on. HOWEVER, this may NOT be the actual market value of the home.
You think that they are underestimating the valuation of your home by giving you that $218,000 assessed value. You might think you pulled one over on them. But, if you divided that assessed price by the sales ratio you get the REAL figure that they are saying what your home is worth. Almost 1/3 more!
The Need For Property Tax Consultants
You can earn boatload of money 2 months a year. When homeowners get their yearly property tax assessment notice they usually have 2 months to appeal.
The likely reasons they don’t appeal is they don’t have the time and energy to jump through those hoops with all that’s on their plate. Most families have both husband and wife working, a busy domestic and social life and their time is limited.
The National Taxpayers Union writes 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)
Consumer Reports has published that property tax records show an error rate of 40% exists in estimating property taxes. (Nov.1992 v57 nil p.723)
48% Of All NJ Homeowners are Over-Assessed – reported in: http://easytaxfix.com/pdf/2012%20NJ%20Over-assessment%20White%20Paper.pdf (data obtained from the MOD4 and SR1A files maintained by New Jersey County Assessors).
Do you think that you’re state is any different? Considering the limited time that was used assessing a neighborhood, a spectrum of errors are sure to exist.
What’s Included In This Complete Property Tax Consultant Home Business Course
Property Tax Appeal forms
Pre-written, ready to use PRESENTATION FORMAT for every property tax appeal (a $19 Value)
Extremely Useful Free house appraisal and property tax appeal forms. The forms are PDF downloadable and provide a generic template to organize your information in an acceptable format so you can present your evidence in good style. It is similar to that used by licensed real estate appraisers. You’ll be given the password to access this information shortly after your order.
Property Tax Forums pre-written forms, letters, customer contracts you’ll ever need to do business ($599 + Value)
Invaluable Sample Fee Agreement Forms, Fill In Fee Agreement Form, Sample Advisor/Agency Authorization Form, Fill In Advisor/Agency Authorization Forms, Residential Solicitation Letters, Signed Contract Transmittal Letters, Thank You For Choosing Our Company Letters, We Have Filed Your Appeal Letters, Invoice Form For Services Rendered, Enclosed Is Your Invoice Letters, Past Due Notice Letters ….
Property Tax Consultant Marketing Plan ($500 + Value)
This is the ins and outs for making this business work. All the methods, advice and tactics you’ll need to fast-track this business. You learn how to set up your business and learn how to go about marketing your business to a huge population of potential clients.
FREE Updates for life ($297 + Value)
Invaluable Keep yourself updated with the latest research and property tax appeal advice for life.
Package #5 FREE Persuasion Tactics & Persuasive Salescopy Ebook 110 Pages …
($157 + Value)
Tax assessor are accountable. Appeal if necessary. HELPING THE OVER-ASSESSED! Property Tax Consulting Course
The fact is that experts tell us 40% to 60% of property tax assessments are erroneous given very little time was invested in determining true market value. How many homes are in your zip code?
I’ll tell you how to make a boatload of money 2 months a year. When homeowners get their yearly property tax assessment notice they have usually 2 months to appeal.
Considering, this you need the course right now to prepare for those 2 months.
– – – – – – – – – – – – – – – – – – – – – – – – – – –
HELP THE OVER-ASSESSED!
Be as savior in your local area: