Are You Paying Too Much Property Tax?
Do you feel like you’re paying too much property tax on your Jacksonville real estate? If so, you can take steps to dispute the amount. Considering the high amount of foreclosures and short sales in the market, getting a reduction may be easier than you think.
According to a recent post on the Equifax Finance Blog, the process might seem complicated, but there are things you can do to simplify things. Sam Tamkin shares some great tips in his article, “6 Ways to Get Your Property Taxes Reduced.” For one thing, you need to know how real estate taxes are determined. You should also be aware of when the best time to file your dispute is.
Once you learn some basic tax facts, its time to arm yourself with proper documentation. The key to reducing your property tax is showing proof that homes in your neighborhood are selling for/valued less than your home’s appraisal value. It may also help your cause if you provide photos of the devalued homes and your own. After all, if there is little to no difference in two properties, why should you be forced to pay significantly more than another homeowner?
Tamkin’s article goes into great detail on how to prepare for your dispute. For all of his advice, visit the Equifax Finance Blog.
Filed Under: Featured • Jacksonville Real Estate
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Good article.