Choosing a Property Tax Consultant
If you have a question about how to get the best property tax return possible, you may want to consult with a property tax consultant. These consultants are better qualified to handle your particular property tax case, and are generally more efficient. In addition, they work on a contingency basis, which is unusual for real estate attorneys. Choosing the right consultant for your situation can be the difference between paying too much in property taxes or not enough.
Once you've contacted a property tax consultant, they'll review your property's assessed value. This process requires the consultant to work with various sources to confirm the value, compare it to comparable properties, and look for discrepancies between the assessed value and actual market value. They'll then develop a case to challenge the assessment and get your real estate taxes lowered. The entire investigation process can take up to a few weeks, while the appeals process may take several months. If you're not sure whether or not a consultant is licensed in your state, then you should ask the assessor to verify it.
After you've narrowed down your short list of real estate tax consultant, it's time to find one that meets your specific needs. Ask for references from previous clients and look at their client list. If the consultant has a long list of satisfied clients, that's a sign of a great professional. Check out their availability and contact details. Make sure you feel comfortable working with the consultant. In the end, a property tax consultant will make your life easier, and you'll be glad you hired them.
While property tax attorneys and appraisers have similar roles, they differ in their education and experience. In some cases, property tax consultants may also provide clients with advice and representation in court. In addition to being able to provide comprehensive representation, a property tax consultant can also challenge the value of a property and make it more affordable. With their extensive experience and knowledge, a property tax consultant can help homeowners lower their property tax bills. And while property tax consultants are not licensed to practice law, they can be a valuable resource when it comes to reducing their taxes.
A real estate broker, a senior property tax consultant, and a best-selling author. He's a nationally recognized expert in hotel valuation for property taxes, supervising millions of hotel valuation appeals yearly. In addition to his expertise in property valuation, a background in business development, marketing, and operations. He has 35 years experience in real estate, accounting, and sales. He's developed a proprietary methodology to estimate the nontaxable intangible business value of a hotel flag.
In addition to their expertise in real estate valuation, a property tax consultant also understands the three main methods of valuation and knows how to use them to the best benefit of their clients. Although many property owners believe they can do their own taxes, they often overlook deadlines or make mistakes. A property tax consultant can help you meet deadlines, review values, and file protests if needed. It is important to consider the costs of living in a new city before making a decision. Check out this post that has expounded on the topic: https://en.wikipedia.org/wiki/Property_tax.