How to lower your property taxes

While kids are afraid of the boogieman hidden under the bed, parents find property taxes even scarier. Property tax is the second biggest expense for homeowners after mortgage. However, there is a good chance that you are paying more than necessary for your properties, because more than fifty percent of taxable property is in fact over assessed. The only way you can lower your property taxes in this case is by appealing your bill. You can also claim tax breaks, but these tax breaks can only be obtained under special circumstances. For instance, there is an age based tax break, but only a small part of the population is eligible to apply for it. A great number of homeowners choose to sell all or part of their properties to lower their taxes, because they simply cannot cope with the expense and the properties they own are no longer worth the trouble. You can now hire a Tucson tax assessor to help you appeal your property tax assessment. This is a great solution to your problem, because you can save a great deal of money and you have nothing to lose.

 

Appeal your property tax

 

While the value of properties is lowering, the taxes are increasing every year, so people choose to sell rather than pay. Instead of selling your property, you can actually appeal your property tax assessment and save a substantial sum of money. The appeal is actually simple and in most cases, homeowners are victorious, but the whole process is tedious. If you wish to fight to reduce your property tax bill, you should first hire your own tax assessor that can not only tell you how much you are supposed to pay, but can also help you make an appeal. It is important to hire a professional and experienced tax assessor that can help you every step of the way and allow you to win the fight, as well as receive the tax breaks you deserve. Only five percent of homeowners appeal their tax bill in court, which only means that not everyone is aware that they can pay up to 30% less on their property taxes with an appeal.

 

Hire a trustworthy tax attorney

 

One of the most popular methods of lowering property taxes is hiring a pro to appeal them. A tax attorney can make the appeal for you, but you will need to pay a small percentage of your saving for it. However, it is preferable to hire a professional tax attorney, because a specialist will not only have experience and knowledge in this domain, he or she will also fight with everything to lower the tax bill as much as possible. Most tax attorneys take cases on a contingency, which means they only get paid, if they manage to lower your taxes. Typically, these tax professionals will receive a third of the amount you manage to save or even less, depending on your ability to negotiate.