Home Base Business Opportunity – Property Tax Consulting
Real estate property taxes are sky-high and getting larger. When you scrutinize the quality of the property assessment, you’ll likely find a huge loophole. By engaging in a property tax appeal for a client you can save your client thousands of dollars and realize thousands of dollars commissions for yourself from contingency fees. This is one of the best home based business opportunities hardly anyone is aware of.
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.
Winning property tax appeals for a client is not difficult and you are rewarded by a large contingency fee. If you save them $2,500 in property taxes your fee will be $2,500 spread over 2 or 3 years. That way the client sees a positive savings from your service. It’s a win, win situation.
In almost every state, local and regional government hiring and spending is ratcheting skyward. On the other hand, private business has been cutting overhead expenditures to survive. Property tax increases pass the buck for government excess.
State and local governments are facing a mismanaged budget crisis. Large numbers of new jobs have been created in government. Result: many upset taxpaying homeowners.
With real estate prices falling, it is easy to find homes that sold for less than your potential clients assessed value. The real estate “sold” listings show an abundance of low-priced comparable homes.
Look to The National Taxpayers Union for an idea how much opportunity exists for the Property Tax Consultant. They write 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 that sold for less than your clients assessment breakdown.
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 the market value you uncover by comparing recently sold homes.
Considering the over abundance of lower market priced comparable home, property tax consulting is an extremely high paying, easy sell business proposition. The cost to get into this home base business is low and the potential profits high.
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