July 9, 2008
Rising Property Taxes
WASHINGTON, D.C. – Modest near-term movement is expected in existing-home sales, with a recovery in sales seen during the second half of the year, according to the latest forecast by the National Association of Realtors®.
But they have been wrong many a time before. In certain markets the decline in price has been severe to say the least.
Other voices say existing-home sales are flat and new-home sales are likely to decline 18% in 2008
Inflation, as measured by the Consumer Price Index, is forecast at 3.7 percent this year and 2.4 percent in 2009. Inflation-adjusted disposable personal income is projected to grow 1.5 percent in both 2008 and 2009.
The market price and cost of homes is going down, but state and municipal sending keeps increasing; therefore property taxes keep going up.
When it comes to scrutinizing your property tax assessments and the furor for property tax cuts, property tax caps or any kind of property tax relief, don’t hold your breath. Often times there is an opportunity to reduce your property taxes just from the choice of comparables you look at.
If you compare your home to the prices of recently sold home and use some basic arithmetic, you may find that there is a 20% or so reduction opportunity lurking in the corners via a property tax appeal.
Imagine you had an effective property tax guide to carry around in your back pocket. Any time you desired, you could utilize your property tax guide to crunch the numbers and effect a property tax reduction. Now imagine this property tax guide on your desktop.
Well, you’re not likely to come across a property tax guide anywhere else – but here’s the next best thing. Introducing the world’s best PROPERTY TAX REDUCTION GUIDE!
You’ll find how to reduce your real estate taxes and more at http://www.propertytaxax.com
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