Best Home Base Business - Property Tax Consulting

Posted on December 14, 2008 @ 9:12 am

Rising property tax assessments are a point of contention for most people and helping homeowners contest unfair higher assessments can be one of the best home based business opportunities that provide real income today. The fact is that homeowners need a watch dog to help them with their property tax assessment.

High property assessments usually go unchallenged because most people lack the time, energy or know how to tackle the job. Many a homeowner would love to have someone that this legitimate home business offers to look over their property tax assessments. Glaring errors exist especially with the decrease in comparable home prices. A property tax consultant helps people contest these inaccuracies.

Property tax consulting is worked on a contingency basis. In other words, you do not charge a fee for your services unless you achieve a property tax assessment reduction for that person other than a small processing fee.

If you win the assessment appeal, the client rewards you with a portion of the property tax reduction. It doesn’t cost the homeowner anything unless you work a win for them … and it is relatively simple to win.

Whatever amount you save the homeowner that is your fee. You spread your fee over 2 or 3 years period of time. If you clients property taxes were $8,000 and you saved them 25% on their assessment, you fee would be $2,000.

Home prices are falling and it is not hard and relatively effortless to find recently sold homes that sold for less than what your client home was assessed for. The best way to win an appeal is to collect data on values of similar properties and you only need to make the property presentation and include supporting evidence to make your case stick.

A onetime non-refundable fee is charge the client. This one-time equalization fee helps defray your costs for gasoline and overhead. This is especially helpful when you are starting out. If the case doesn’t pan out you have the one-time fee. You’ll learn how to determine if you have a case or not fast and inexpensively.

It’s hard to find someone who doesn’t care about their property taxes. A lot are distressed over it. And finding clients, especially in today’s financial environment, is relatively simple. When real estate values become lower, governments raise the tax rate to meet their budget.

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