Property Tax Assesments and Home Values
We have written here about the changes in Cincinnati’s property values over the last two years. A part of the real estate downturn that is being overlooked is the assessments for property taxes. Locally we have seen our home value decline between 5% and 11% depending on where we live but it has not been as bad as California. Their property value has declined so much that there is now a company that will help homeowners obtain a break on their property tax reasons.
Prop8.org takes advantage of a California proposition that allows for homeowners to get a reduction in their property taxes. Prop8.org charges a fee to help homeowners navigate the legal paperwork, and submit the necessary papers. We do not have this luxury in Cincinnati but it is important that the next time your property is assessed that you pay attention and gather the recent sale data for your neighborhood so you understand you new property assessment.
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Tags: home value, Property Value, Taxes
Property Tax Assesments and Home Values…
How has your declining property value impacted your taxes? Read more about how you can make sure you are not being unfairly taxed….
LowTaxRate.com is a free resource to help homeowners understand their property tax, property tax assessments and provides assistance to homeowners looking to dispute their assessment value.
It is up to you to ensure that you are paying your fair share of property tax.
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Any tool to evaluate the market is something to at least consider when pricing the home.
Walt