After you get the property tax appeal course it’s suggested to begin a property tax appeal on your own home, on your rentals (if you have them) or a client’s property as soon after you get the course. This is because the adjustment to comparables will be particular to each case and one learns best […]
Category Archives: Consulting Business
What about having an AI Property Tax Machine in charge? Benjamin Franklin once said: “Nothing can be said to be certain, except death and taxes.” Interestingly, Wake County, North Carolina has embraced artificial intelligence and machine learning algorithms to reinvent the property valuation process. Properties need to be assessed fairly so owners are paying their […]
A home tax assessment is simply used to determine the value of the property for taxation purposes and may or may not reflect the actual market value for what you could actually get for the property if you sold it. The valuation is supposed to be based on a blanket appraisal for the area the […]
Those who live a little more than an hour away from New York City have issues like everyone else. Property owners need a rental real estate property tax valuation manual. Anyone who owns real estate should pick up an assessment help property tax and income property tax deductions guide. The politicians play games when it […]
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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 […]
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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 […]
These are FACTS: 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 […]
Communities need money and they raise that money through property taxes. However, the system is broken in that property tax assessments are not accurate and authorities say that about half of the home assessed are assessed incorrectly. The perception by homeowners is that property taxes are unfair in that those property taxes are always going […]