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Property Tax Reduction
Real Estate Property Tax Reduction Analysis
HOW MUCH DO YOU KNOW ABOUT YOUR REAL ESTATE PROPERTY TAX?
Your home may be worth less than the local tax assessor or taxing agency believes and that could mean a smaller property tax bill.
Are you paying your fair share of real estate taxes, or are you over-assessed?
Tell-tale signs include:
- Errors in the description of your property on the tax bill.
- Compatible homes in the area that have sold for less than your appraised value.
- Neighbors with lower assessments on similar houses. (Keep in mind some homes retain the same assessed value for years and assessed values often don't rise in step with market values or home sale prices.)
- Value reducers in your home or area, including drainage problems, easements, re-zoning, heavy traffic, nearby railroad tracks, highways, industry or toxic waste.
- Depreciation factors, including the quality of materials, inefficient heating, structural cracks, deterioration, or chronic.
A Tax Grievance is your legal right to formerly challenge the assessment of your real estate property as determined by your town or municipality.
If approached properly, there are ways to reduce the burden of real estate property taxes, and it is possible to at least bring them down to a level where they are livable. Your PEPP team knows how!
The sooner you contact PEPP, the sooner you could be saving money in property taxes!
*This service not available in all areas