Hands On Real Estate Investing

The lower your taxes, the more money you keep in your pocket! According to an article by Ilyce Glink and Samuel J. Tamkin, there are three easy steps to make sure you are paying the least amount (legally) for your property taxes.

1. Homestead Exemption
2. Property Tax Appeal
3. Comparable Homes Appropriate

Homestead Exemption

Check with your state to determine if your state provides a tax benefit for owning a home and having it as your principal residence.

Property Tax Appeal

When you receive your property tax assessment every year, appeal the increased assessment if you believe it is inaccurate.

Comparable Homes Appropriate

If you do appeal your increased property tax assessment, make sure the comparable homes are truly comparable, such as location, date of construction, lot size, number of bedrooms and bathrooms, square footage and improvements. Your local taxing authority or real estate agent can provide details on the comparable properties.

3 Steps to Lower Property Taxes! Every year #homeowners receive #propertytax #bills based on #realestateassessment #propertyassessment If you feel the #taxbill is too high there are 3 steps you can take to lower the #bill at handsonrealestateinvesting.com/?p=3679 #realestate #realestateinvesting #realestateinvestor #homeowner #tax #taxes #lowertaxes #cuttaxes #taxcut #taxcuts #realestateagent #realestatetips #realestateadvice #realestategoals #realestateprofessional #realestateadvisor #realestateadvisors #realestateadvise

A post shared by handsonrealestateinvesting (@handsonrealestateinvesting) on Oct 30, 2017 at 11:27am PDT

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