As a home owner, property taxes can be discouraging, and you may begin to wonder if they will ever reduce. While you cannot run away from them, there are certain things you can do to reduce property taxes.
- Ask for and examine your property tax card
Some home owners never know they can request for a copy of their property tax card. You shouldn’t just ask to view; you should also take time to examine your property tax card. Through this card, you will see the data the town has collected over time about the property. If you figure out any mistake, let the tax authorities know and correct them.
- Make Inquiries before building
Your taxes will skyrocket if you make any structural changes to your property. Before adding any structure, make enquiries about the tax attached to a new structure.
- Don’t make changes yet
Tax checkers have strict guidelines to adhere to when evaluating a home, and this depends on many factors. One thing to put in mind is that homes that are more attractive draws more taxes, and even though you may want to upgrade your home to be similar with others in your vicinity, it is wise to wait until after the evaluation.
- Examine your neighbors
Just as you can access data about your home, you can also get that of your neighbors, since such information is open to the public. It could be that your home is a three-bedroom flat with one garage, while your neighbor too has a three-bedroom flat but with two garage, but your tax is higher than theirs. As you review and find any inconsistencies that makes you pay higher taxes, make a complaint and ask for changes.
5 Accompany the tax worker
To many, there is no need walking about with the tax worker because they are doing their job. Well, while it is not necessary, it is important because this could make the tax worker record only the good points while neglecting the bad ones. It could be that some of your appliances are out of date or you have a crack in the wall, whatever it is, point it out to them so that they won’t only be recording the good points. Some others may not want the assessor to enter their home, but this is wrong because you are giving them space for guessing, as they will think that you have made some improvements in your home. This will make them increase the value of your home, attracting more tax.
I know it can be difficult to cut out improvements in your home just to avoid paying excessive tax, but all the same, you don’t have to live in a tattered home to avoid excess tax, you can still do some of the little things as explained above to reduce your tax. You can still get things work out well for you. With little examination on your property data and other issues, you will find out that you may have been paying excess taxes, and this you can surely cut down.