Monday, December 29, 2008

Home Base Business Opportunity - Property Tax Consulting

By Donna Feduchadrammer

Property taxes are going through the roof. On the other hand, comparing quality of assessments results in loopholes that allow for huge property tax reductions. This results in thousands of dollars of potential savings to homeowners. And, it's a easy proposition to sell making this one of the best home based business opportunities hardly anyone knows of.

Processing property tax appeals for clients is a recession proof business. No matter what the economic conditions there are always an abundant number of property taxes that are in error.

Winning property tax appeals for a client is not difficult and you are rewarded by a large contingency fee. If you save them $2,500 in property taxes your fee will be $2,500 spread over 2 or 3 years. That way the client sees a positive savings from your service. It's a win, win situation.

In almost every state, local and regional government hiring and spending is ratcheting skyward. On the other hand, private business has been cutting overhead expenditures to survive. Property tax increases pay for government excess.

State and local governments are facing a mismanaged budget crisis. Large numbers of new jobs have been created in government. Result: many upset taxpaying homeowners.

With real estate prices falling, it is easy to find homes that sold for less than your potential clients assessed value. The real estate "sold" listings show an abundance of low-priced comparable homes.

Look to The National Taxpayers Union for an idea how much opportunity exists for the Property Tax Consultant. They write that as many as 60% of all homeowners are over-assessed and not in line with their home value. ("How To Fight Property Taxes" 2004 p.1

Real estate is estimated by comparing your client's property with similar sold properties. You'll look in neighborhoods that share similar characteristics of client's house and find sold homes that make your client's home compare for a lesser value.

No matter what the tax assessor says, it's a good idea to cooperate with the tax assessor. It makes no difference what the tax assessor discovers. What counts is the market value you uncover by comparing recently sold homes.

With recent decreases and abundance in lower-priced comparable home, the business of real estate property tax consulting is a very lucrative home base business proposition indeed! The entry costs are low, the profit potential great. - 16732

About the Author: