Real Home Base Business - Process Property Tax Appeals!
Property taxes are going through the roof. On the other hand, comparing quality of assessments results in loopholes that allow for huge property tax reductions. This results in thousands of dollars of potential savings to homeowners. And, it's a simple idea to sell making this one of the best home based business opportunities hardly anyone knows of.
In good times or bad times, this home base business will prosper. Not many businesses have that guarantee. There are a huge number of errors in property taxes. When the assessment of a client is wrong, you simply go through the process appealing it.
When you win a property tax appeal you get paid a contingency fee from the client. If you save your client $1,800 you get paid those savings in contingency fees. Generally you spread your fee over 2 or 3 years so the homeowner sees some of the money you saved for them. For everyone, it's a win, win situation.
Nationwide, local and state government statistics show increased hiring's and spending. Government spending is on a upward spiral with little in the way of brakes while private firms are focused on reducing overhead expenses and operating more efficiently to survive. How is government excess paid for? Property tax increases.
State and local governments are facing a mismanaged budget crisis. Large numbers of new jobs have been created in government. Result: many angry taxpaying homeowners.
When real estate prices tumble finding comparable properties that sold for less than the assessed value of your client's house is rather easy. Information resources are full of them.
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
What you need to do in this business is finding the value of residential real estate by comparing your client's property with similar sold properties. You'll look for comparable sales or properties in similar neighborhoods that sold for less than your clients assessment breakdown.
Cooperate with the tax assessor since it makes no difference what the tax assessor finds. What counts is market value you determine by comparing recently sold home.
Considering the over abundance of lower market priced comparable home, property tax consulting is an extremely high paying, easy sell business proposition. The cost to get into this home base business is low and the potential profits high.
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