Home Base Business Opportunity – Property Tax Consulting
Real estate property taxes are sky-high and snowballing. When you scrutinize the quality of the property assessment, you’ll likely find a huge loophole. By engaging in a property tax appeal for a client you can save your client thousands of dollars and realize thousands of dollars commissions for yourself from contingency fees. This is one of the best home based business opportunities hardly anyone is aware 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.
You get paid when you win a property tax reduction for a client. If you save your client $2,000, you get paid $2,000 generally over 2 or 3 years, however you set the terms. And winning is easy. It’s a win, win situation for everyone.
In almost every state, local and regional government hiring and spending is accelerating. On the other side, private business has been cutting overhead expenditures to survive. Property tax increases pass the buck for government excess.
State and local governments are in a budget crisis. You would know it when you looked at the payrolls. 338,000 new jobs have been created in the past 12 months. That’s far more than the 195,000 jobs in the 12 prior months. Result: many unhappy 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
What you need to do in this business is finding the value of residential real estate by comparing your client’s property with similar sold properties. You’ll look for comparable sales or properties in similar neighborhoods that sold for less than your clients assessment breakdown.
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.
When you look at the oversupply of lower cost sold home to compare your client’s home to, this home base business proposition is a smart idea. It is an easy service to sell. Compared to most home businesses, the cost of entry is minimal and the contingency profit expectations are high.
