Home Base Business Opportunity - Property Tax Consulting
Real estate property taxes are sky-high and increasing. When you scrutinize the quality of the property assessment, you’ll likely find a huge loophole. When you engage in a property tax appeal for a client you can save your client thousands of dollars and realize thousands of dollars commissions for yourself in contingency fees.
Processing property tax appeals for clients is a recession proof business. No matter what the economic conditions there are always an abundant number of property taxes that are in error.
You get paid when you win a property tax reduction for a client. If you save your client $2,000, you get paid $2,000 generally over 2 or 3 years, however you set the terms. And winning is easy. It’s a win, win situation for everyone.
Government statistics show the state and local government hiring has accelerated in the last 12 months. Meanwhile private firms have slashing staff. Despite the economic slowdown the public-sector jobs gains have actually sped up. Increased property taxes will likely pay the price.
State and local governments are in a budget crisis. You would know it when you looked at the payrolls. 338,000 new jobs have been created in the past 12 months. That’s far more than the 195,000 jobs in the 12 prior months. Result: many disgruntled 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.
No matter what the tax assessor says, it?s a good idea to cooperate with the tax assessor. It makes no difference what the tax assessor discovers. What matters is market value you uncover by comparing recently sold homes.
When you look at the oversupply of lower cost sold home to compare your client?s home to, this home base business proposition is a slam dunk. It is an easy service to sell. Compared to most businesses, the cost of entry is low and the profit expectations are high.