When property values ratchet up in gentrifying neighborhoods, so do the taxes assessed on them. This can put a strain on lower, middle, and fixed-income homeowners struggling to keep up with bills and basic living maintenance fees. Especially if you’re into real estate investing, property tax overhead needs your attention. Not everyone lives in NYC […]
What happens if you have noisy neighbors? All too often, previous assessment levels are rolled over and no consideration or oversight to actual market valuation be it for a home or a business. As a business there could be vacancies resulting in a lack of income. If changes in assessed valuations are not challenged, one […]
Ever notice how generous tax incentive are given to big retailers and big businesses? Do these tax incentives get change later on or do residential homeowners get left holding the bag? That’s a problem! BIG retailers argued that their stores should be valued as if they were vacant or “dark” properties, and not according to their […]
Don’t pay your taxes or pay your taxes and the art of silence. When families struggle and don’t pay their property tax over a 3-year period, all states have rules in place to foreclose on that property. A property tax sale takes place. The town then gets paid the back taxes. What happens to the […]
Foxes in the hen house? Local officials say cities, counties, school districts and natural resources districts have long used the windfalls from valuation growth to cover the rising costs of governing, including inflation, salaries, health care and retirement. There needs to be transparency from local governments! DETAILED salaries for all local employees and all associated […]
It’s been a long hot week for temperature extremes, a federal interest rate cut, Shark Week and political debates. How about a property tax rate cut? Although the dollar is stronger, when it comes to the home front, budget shortfalls seem to always evolve higher. Property taxes never seem to go down. With the reality […]
Property Tax Appeal Business In Maryland season begins when property reassessment notices mailed to one-third of property owners in each county. Property owners have 45 days to file an appeal. According to http://dat.maryland.gov/about/Pages/Assessments-Taxation-Calendar.aspx Mid-February Deadline for appealing reassessment notices mailed the prior December (deadline date is on the notice and depends on the actual notice mailing […]
Special Power of Attorney is a right given to every American citizen to enter into a contract to represent someone in a civil issue. It allows one to hire an agent with limited powers. As such, a Special Power of Attorney narrows the range of choices that the agent can make. In regard to Property […]
With blanket assessment for an area takes place, errors easily creep in. Besides the time constraints imposed on the company that won the bid to do the property tax assessment job for that jurisdiction, they need to make a profit. Note that time necessary to sit back and analyze subtle differences that make a big […]
Evidence for property taxes assessments points out that whoever is on the receiving end needs to scrutinize. What evidence? It was reported that 48% Of All NJ Homeowners are Over-Assessed – found 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). If that happens and assessments are so […]