{"id":56582,"date":"2018-12-05t12:00:57","date_gmt":"2018-12-05t17:00:57","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=56582"},"modified":"2018-12-16t16:15:36","modified_gmt":"2018-12-16t21:15:36","slug":"how-to-challenge-property-taxes","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/12\/05\/how-to-challenge-property-taxes\/","title":{"rendered":"how to challenge property taxes"},"content":{"rendered":"<p class=\"cxspmiddle\"><img decoding=\"async\" class=\"alignright\" src=\"https:\/\/77fe644c572ff1ba8a08-aa3fcb8dba820dc6b4fabb3e45b3ad4d.ssl.cf1.rackcdn.com\/images\/media\/49115\/article_380\/property_tax_relief.jpg?1521581096\" alt=\"\" \/><\/p>\n<p><strong>5 steps for homeowners.<br \/>\n<\/strong><\/p>\n<p><i>by barry j. friedman, cpa<\/i><br \/>\n<a href=\"https:\/\/industrynewsletters.com\/partnerships-opportunities\/cpa-firm-digital-marketing-platform-cpatrref\/\"><i>industrynewsletters<\/i><\/a><\/p>\n<p class=\"cxspfirst\">have your clients&#8217; property tax bills increased significantly? do you think they may have grounds for an appeal, particularly if the increase seems out of line with overall appreciation in their area?<\/p>\n<blockquote>\n<p class=\"cxspmiddle\"><b>more: <\/b><a href=\"\/\/www.g005e.com\/2018\/11\/28\/social-security-hike-the-largest-in-7-years\/\">social security hike the largest in 7 years<\/a> | <a href=\"\/\/www.g005e.com\/2018\/11\/21\/how-to-hold-real-estate-in-your-ira\/\">real estate, iras &amp; clients<\/a> | <a href=\"\/\/www.g005e.com\/2018\/10\/30\/a-tax-essential-the-percentage-withholding-method\/\">percentage-withholding for clients<\/a> | <a href=\"\/\/www.g005e.com\/2018\/10\/02\/what-clients-need-to-know-about-bitcoin\/\">bitcoin: what clients need to know <\/a>| <a href=\"\/\/www.g005e.com\/2018\/09\/11\/supreme-courts-wayfair-ruling-on-sales-tax-sows-more-confusion\/\">supreme court wayfair ruling sows confusion \u2013 and opportunity<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2018\/12\/05\/how-to-challenge-property-taxes\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p>\n<\/blockquote>\n<p class=\"cxspmiddle\">property tax rules and policies are local, but in general, homeowners have 90 days after receiving a new assessment to appeal in most jurisdictions; some close the appeals window after 30 days.<\/p>\n<p><!--more--><\/p>\n<p class=\"cxspmiddle\">plenty of property owners challenge their assessments each year, and between 20 and 40 percent win lower assessments and lower property tax bills. do you want to try in your area? here are some tips.<\/p>\n<p class=\"cxspmiddle\"><b>know the rules.<\/b> local governments commonly send assessment notices to homeowners in the first few months of the year. before you get yours, check the deadline for challenging the value. you may have just a few weeks so be sure you know how your locality assesses property. some localities set the tax assessment at a percentage of market value \u2013 80 percent, for example \u2013 so don&#8217;t be smug if you get a $90,000 assessment on a home you think is worth at least $100,000.<\/p>\n<p class=\"cxsplast\"><b>catch a break.<\/b> make sure you&#8217;re getting the tax breaks you deserve. some states allow anyone who owns and lives in a primary home to shield a portion of its value from taxation. you may be eligible for credits based on your income or status as a senior citizen, a veteran or a disabled person. in florida, all homeowners are eligible for a homestead exemption; those 65 and older who meet certain income limits can claim extra dollars. other jurisdictions reduce a percentage of your tax bill if you meet certain criteria. tax breaks are valuable and often overlooked \u2013 make sure you don&#8217;t leave anything on the table.<\/p>\n<p class=\"cxspfirst\"><b>set the record straight. <\/b>check your property&#8217;s record card, which you&#8217;ll find at your assessor&#8217;s office or possibly on its website. this is the official description of your house. if you see an outright error \u2013 maybe it says you have four bedrooms but you reside in a two-bedroom bungalow \u2013 you can ask the assessor to fix the problem on the spot by reducing the assessed value and your tax bill. that saves you the trouble of making a formal appeal.<\/p>\n<p class=\"cxspmiddle\"><b>build your case.<\/b> if you see that your assessed value is higher than several similar homes, you may have grounds for appeal. the assessment should be based on market value.<\/p>\n<p class=\"cxspmiddle\"><b>fight city hall.<\/b> the process varies by locality, but you&#8217;ll likely send your appeal and your evidence \u2013 data on comparable properties, blueprints, photos and repair estimates \u2013 to the assessor for review. you should get a verdict within a couple of months. you can often take your case to the appeals board if you&#8217;re still not satisfied. put your persuasive skills to work. don&#8217;t whine; save your opinions on politics and tax rates for elected reps who vote on those matters.<\/p>\n<p class=\"cxspmiddle\">a successful appeal is the gift that keeps on giving, year after year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>5 steps for homeowners.<\/strong><br \/>\n<em>by barry j. friedman, cpa<\/em><br \/>\n<em><a href=\"https:\/\/industrynewsletters.com\/partnerships-opportuities\/cpa-firm-digital-marketing-platform-cpatrref\/\">industrynewsletters<\/a><\/em><\/p>\n","protected":false},"author":2980,"featured_media":56041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,1363,3120,3002],"tags":[],"class_list":["post-56582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-featured","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"<!-- 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