How To Lower Your Property Taxes By 20 Percent

by Linden Moe on February 9, 2011

   Click Here To Download The_Expert_Tax_Appeal_Guide_And_Documents_NeededCertified real Estate Expert Linden MoeLower_Your_Taxes


Plan Your Tax Attack And get Your Property Taxes Lowered By 20% or more…

Saving You $1,000′s a year in your Pocket And increasing Your Home’s Value…

BY-Linden Moe, a Certified Real Estate Expert and Author who wrote “The Nj Property Tax Appeal Guide-The Consumer Guide To Lower Property Taxes by 20% or More”
Click Here To Download The_Expert_Tax_Appeal_Guide_And_Documents_Needed<
Good news for Americans facing eye-popping property taxes: You can fight city hall, or whichever government body sends you this annual economic albatross.

When real estate boomed, property taxes often followed suit. So why aren’t they dropping now? First, local governments may go for years between re-assessments, so lower values may be overlooked.

Also, a blanket reduction in assessments would mean less revenue for local governments at a time when most are strapped for cash.

Did You Know That the average Homeowner Who Files An Successful Appeal Saves 20%?

The national average yearly property tax is $8,000. Thats $2,000 a Year. Or $200 a month.

The National Taxpayers Union estimated earlier this year that up to 60 percent of the country’s real estate is assessed too high. Here’s how to make sure you don’t pay too much.

Know Where to Go

While getting your property taxes lowered is neither easy nor automatic, countless homeowners have swayed their assessor to lighten the load. However, success is up to you. Tax assessment varies across the country. So, start by learning exactly how your tax is totaled.

Next, it’s critical to closely review your bill for any obvious mistakes. It should show your assessment and taxes from last year and this year. If you find an error or feel you’re being overbilled, you have a couple of options.

First You Have to Get An Idea Of What Your Home Is Worth In Today’s Market!

Dont Trust The Values,. Go To A realtor Site That Offers That Service Free

Like at This Site You can find out some quick Values Of What Your Home Is Worth

One is to go directly to the assessor’s office; you can probably go without an appointment. If you’re lucky, They Might hear you ot. But Without Solid comparables from a Realtor or appraiser its a waste of time.

. Or, you may be told you have to file a petition for a hearing before a magistrate. Before you go to a hearing, roll up your sleeves, do some research and perhaps even hire professional help.
A Realtor is free to use while an attorney will charge you around $500-$600.

Know Your Property Specs

One of the first things to do is to make sure the government has the right specifications for your property. These include confirming things such as the square footage under roof and the lot size. They’re not always accurate, says Linden Moe, a Certified Real Estate Expert who wrote “The Nj Property Tax Appeal Guide-The Consumer Guide To Lower Property Taxes by 20% or More”

Get A FREE Copy with no cost or obligation by emailing with the

subject line- Tax Appeal Guide Or Call 201-839-4927 to Get Your Free Copy

Often, the assessor may have simply looked at the outside of your house before rendering judgment.

“One of my clients had a one-story home with vaulted ceilings,” Mila says. “They assumed the height reflected two stories, so they charged her for double the living space. She brought the sketch to the assessor’s office and wound up saving $5,000.”

You should have received a floor plan and boundary survey when you bought your house. Use them to determine your dimensions. A surveyor or engineer can help you here, but the cost will be $200 to $1,000, depending on the size of the property.

Locate the Problem

You’ve heard it before: The three most important factors in real estate are location, location, location. So one way to prove you’re paying too much in taxes is to demonstrate what’s wrong with yours. When factors outside the property’s boundary bring down its value, this is called external obsolescence by tax assessors.

If you’re so close to a runway that pilots wave to you, or your backyard has a crossing signal thanks to the train tracks on your lot line, make the case that you have external obsolescence.

But what if the rest of the neighborhood has the same issue — say, a nearby town dump that doesn’t pass the sniff test — and roughly the same assessment? Make the case that your situation is worse. Maybe your house is next to the noisy public playground or adjacent to a parking lot for local school buses.

“You need to let the assessor know ‘I’m not like the rest,’ and ‘My location is inferior to others around me,’” says Linden Moe A certified Real Estate expert

His suggestion: Pretend you’re a buyer looking for an excuse to lowball a bid on your home.

Give Dysfunction a Function

Is your house haunted by a bad layout? Good news: That may mean lower property taxes.

Quirks inside the home are called “functional obsolescence,” says Linden Moe

A simple definition of functional obsolescence is: homes with features that are neither practical nor desirable. For instance, do you have to walk through a closet to get to a bedroom? Does your four-bedroom house have a one-car garage?

Functional obsolescence will make your home less fun to live in and therefore, less valuable when it’s time to sell. But the upshot is that these quirks may increase your odds when challenging your property assessment.

Keep Up With the Neighbors

Did you buy your home when prices were at record highs? Did you get re-assessed right before the property bubble burst? Then your taxes might also be inflated, particularly compared to your neighbors’ rates. Research online what everyone on the block is paying, and see whether your bill is in line with the comparable properties, says Mila.

Check for the taxes on similar houses that have recently sold. If the compared tax prices are off kilter, print out your research and go to the assessor’s office with the evidence. “If you’re higher than the norm, something is wrong,” says Mila. He says the No. 1 reason challenges get rejected is homeowners don’t have their documents in order.

Hire A Professional Real Estate Expert To Do A

Comparative Market Anaylysis”

We all feel we should be paying less property tax, but obviously we have our own interest at stake. You need to demonstrate the objectivity of your opinion. And for that, it’s best to hire an Realtor. An appraiser is different from a surveyor.And Cost you $500.

The appraiser’s role is to estimate the value of the property. A Professional Realtor Does the same and does it even better. Don’t rely on free services from online companies that purport to give market values in your area.

Assessors have been known to throw them in the trash. The assessed value should be roughly equal to the appraised value. A third-party opinion bolsters your credibility..

Appraisers are state-certified and in most areas, they have professional associations you can contact for referrals. The cost is $500 and above. Some homeowners go an extra step and hire an attorney, but before doing so you should balance the legal fees you’ll incur against any taxes you’ll save.

Also Hiring A professional Certified Real Estate Expert Realtor can get you the documents needed and walk you through the whole entire process.

Click Here To Download The_Expert_Tax_Appeal_Guide<

What does this mean for you?
You need to begin preparing yourself for Tax Season! There’s a lot of information out there in regards to making good cases for property tax cuts. Do your research.

Also, There’s never been a better time to begin investing in foreclosures. Yes, properties are selling for cheaper prices, but you should always look for ways to save time and money, tax cuts being one of them.

For Your Free Copy Of  “The Consumer Guide To NJ Property Tax appeals” With Documents, Templates And Full Plan of Attack Email or call us 201-839-4927

Click Here To Download The_Expert_Tax_Appeal_Guide<

Linden Moe Linden Moe  (103 Posts)

Your downtown jersey city condos expert advisor… Certified Real Estate Expert | Realtor | Consultant Team Leader of the “NJ Top Ten Real Estate Experts Team” America’s Elite Real Estate Fax 201-221-7712 | Direct Line 201-839-4927 | Office 201-432-1600 | |

No related posts.

Try our super useful *Wild Card* home search

Samples of allowed searches:
3 beds, 2 baths
4 rooms, 2 baths, New Jersey
5 bedrooms, 4 bathrooms, 07010
1500 square feet, Hoboken
2500 sqft, 4 rooms, 3 bath, Jersey City

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /home4/lindenjr/public_html/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1044