3 Ways To Lower Your Propert Taxes

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3 Ways To Lower Your Propert Taxes

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Paying too much of taxes for your hotel property? O'Connor has developed a proprietary method to calculate enterprises which is not taxable. – PowerPoint PPT presentation

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Title: 3 Ways To Lower Your Propert Taxes


1
3 Easy Ways To
Lower Property Taxes
H o t e l P r o p e r t y
T a x C o n s u l t a n t
www.hotelpropertytaxconsultant.com
2
Challenge Your Assessment
There are two parts to your tax bill Assessed
value of your home Property and the actual tax
rates While you can't do anything about the tax
rates of local services such as schools, towns
and ?re departments, you can contest your
assessed value. Your home's assessed value isn't
necessarily what it's worth on the open
market. If they've recorded your home as having
two full baths when you only have 1.5 baths,
that will lower your home's value.
3
Appeal if your assessment is wrong
There can be a lot of debate on what constitutes
"MARKET VALUE." Your home may have some
signi?cant structural or maintenance issues or be
across from a factory. If you don't agree with
your assessment, then you have a right to appeal
on the country and state level. Keep in mind
that you need to compare your home to similar
homes in your area.
4
Check if you qualify for discounts
Most assessors give you a "Homestead Exemption"
just for living in your home. Veterans or
senior citizens also may get lower
assessments. Check with your county or local
assessor to see what discounts apply. If your
assessment record doesn't include them, then
update your assessment.
5
H o t e l P r o p e r t y
T a x C o n s u l t a n t
To know more information visit www.hotelpropertyta
xconsultant.com
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