Property Tax Consulting – Best Home Base Business
Increasing tax assessments are a point of contention for most people and helping homeowners contest unfair higher assessments can be one of the best home based business opportunities that provide real income today. The fact is that homeowners need a watch dog to help them with their taxes.
Many families can use someone to look over their shoulders when it comes to their property taxes. Few have the knowledge or time to figure out if they are overpaying their property tax assessment. Many errors exist, especially with comparable home prices decelerating. This work from home business is a legitimate home business opportunity. As a property tax consultant, you help people with their taxes.
Property tax consulting is worked on a contingency basis. In other words, you do not charge a fee for your services unless you achieve a property tax assessment reduction for that person other than a small processing fee.
Lowering taxes is an easy matter since there are so many favorable comparable properties to make your case. You are rewarded from the homeowner by their 1st year tax reduction. The fee in essence, doesn’t cost the homeowner any money. It is a win, win situation for all.
Whatever amount you save the homeowner that is your fee. You spread your fee over 2 or 3 years period of time. If you clients property taxes were $8,000 and you saved them 25% on their assessment, you fee would be $2,000.
With housing prices falling, finding comparable sold homes to make your point to the tax authorities is easy. This is an excellent time to start this business opportunity. The process is straight forward and upon making a favorable explanation you should be able to get property taxes reduced for your client.
A onetime non-refundable fee is charge the client. This one-time equalization fee helps defray your costs for gasoline and overhead. This is especially helpful when you are starting out. If the case doesn’t pan out you have the one-time fee. You’ll learn how to determine if you have a case or not fast and inexpensively.
It’s hard to find someone who doesn’t care about their property taxes. A lot are agitated over it. And finding clients, especially in today’s financial environment, is relatively simple. When real estate values become lower, governments raise the tax rate to meet their budget.
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