Lower Real Estate Taxes taxcuts cuttaxes paylesstax paylesstaxes realestatetax propertytax lowerpropertytxes lowerpropertytaxes finance

3 Steps to Lower #RealEstate #Taxes! #taxcut #taxcuts

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.

Do you have any tips for lowering property taxes? If so, please share your tips:

  1. Enter your comment below
  2. Tweet us on Twitter
  3. Subscribe to our YouTube channel
  4. Follow us on Instagram
  5. Pin us on Pinterest
  6. Follow us on Google+

The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.


Leave a Reply

Your email address will not be published. Required fields are marked *