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 comes to rental income property tax issues when overhauling their tax systems.
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.
Not everyone lives in NYC, which by the way generated $27.8 billion last fiscal year from property taxes. No matter what city you live in, overhauling decade’s old tax systems can get complicated especially when bottom line restraints to public sector financial perks are not addressed.
Recently a commercial data expert, Marlene Jeffers, who has worked in numerous states with many different county assessment departments, said she doesn’t feel the process is fair to tax payers. Of course, it isn’t.
She said: “I would suggest to every taxpayer out there, ask to see your comps, the comparable properties,” Jeffers said. “How did they arrive at that value for your property. Look at the three comparables they have for your property. Ask for them. You have a right to know.”
In certain larger urban area one might witness new affordable home projects that could be developed unless hindered by large property tax burdens. There are even bills proposed by politicians that would extend the property tax breaks (known as the welfare exemptions) to land for owner-occupied affordable home projects. Even so, property taxes can take a significant bite out of those projects.
When one has accurate means for determining actual market value for their home, rental properties, business or as a side hustle as a property tax consultant, one can present a forcefully accurate analysis of value. That’s how to reduce an over-the-top property tax assessment for residential or even commercial rentals property tax assessments.
If you have rental properties, need to help clients or reduce over assessments on your own property, you can lower overhead expenses. And remember, those reduced assessments rollover year after year.
The likelihood of an over-assessment for your home, business or for a client is real. This is a real business. And yes, you can make a boatload of money helping others.
If you’re looking for a highly rewarding residential, commercial, industrial Property Tax Consulting Business we want to let you in on this multi-trillion dollar industry. Reason being, 40% + nationwide property tax error rate average abounds and people need help.
If you’re a homeowner or have rental real estate property you need a property tax valuation assessment guidebook. One needs inexpensive help. A property tax, income property tax deductions guide is essential.