Property Tax Consulting - Work From Home Business
Aiding taxpayers|Helping homeowners lower their property taxes as a part-time business idea can be a good if not the best home based business opportunity for many. A lot of people are struggling to keep up with property tax increases. Bankruptcies are being filed and people are losing their houses. People shouldn’t be paying taxes higher than what their properties are really valued for.
We’re seeing so many families facing foreclosure and rising property taxes while their home values fall. That doesn’t sit right with most people’s sensibilities. Most people don’t have the time or knowhow to challenge their property taxes. Errors exist in the tax data especially considering that comparable home prices are dropping. That’s where this home business shines. The role of a property tax consultant is to help people with their property tax.
Property tax consultants work on a contingency basis. What that means is that they do not charge their customers other than a onetime investigation fee for their services unless they win a tax reduction for their client.
If you win the assessment appeal, the client rewards you with a portion of the property tax reduction. It doesn’t cost the homeowner anything unless you work a win for them … and it is relatively effortless to win.
The amount of savings you reduce the homeowner’s property taxes by is your fee. For instance, if the property taxes were $9,000 and you saved the client 22% on their assessment, your fee would be $1,980. Generally you structure the payment due over a 2 or 3 year period.
Home prices are falling and it is not hard and relatively effortless to find recently sold homes that sold for less than what your client home was assessed for. The best way to win an appeal is to collect data on values of similar properties and you only need to make the property presentation and include supporting evidence to make your case stick.
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.
A lot of people are agitated over their high property tax bill and finding customers is quite easy. This little known business opportunity is a blessing for the homeowner. Local government is generally constantly raising their tax amounts instead of cutting back.
Tags: 
