Property taxes cost property owners thousands of dollars or even more every year. If the property tax bill is in your hand, and you are worried you can’t pay thousands of dollars, the fear that your property can get sued can make you stressed. There are several options that can help you settle it before any legal action is taken. Here are a few tips on how to pay your property tax bill. File an appeal Local tax assessors cannot be right all the time. If you feel your property taxes are not fairly assessed, take a step forward and file an appeal against your property tax valuation. File an appeal as soon as you receive your tax bill as most appeals are sought soon after the property tax bills are sent out. There is a narrow line between the receipt and payment, hence, it is important to make sure... Read More

Property taxes are an ad valorem tax that the local government calculates based on the property’s value. The tax amount varies based on the changes in the property’s value. Several reasons impact property taxes and make them go up. Property taxes are based on the state, municipality, or the town’s tax rate as well the property’s value. Any change in these drives property taxes up. A few changes are out of our hands, but property owners who feel they are not being fairly taxed can take steps to appeal their property taxes. Home improvements and their impact on the spiking property taxes Homeowners believe home improvements increase their home’s value and they do not think about the increasing property taxes that are awaiting. Any additions or re-model made to a residential property that increases its value will impact property taxes. Many homeowners wonder what improvements increase property taxes. Is it... Read More

Property taxes are an ad valorem tax i.e. the tax that the local government calculates based on the assessed value of your property. The property tax amount keeps changing based on the changes in the property value. An extra bedroom or a property renovation could impact how much your future property taxes would be. A small or big renovation to your property, either inside or outside, may impact your property taxes. New construction vs Natural disaster When you are planning to make a renovation, watch out for the term “new construction” because a new construction can increase your property taxes. When there is major construction on the property it attracts the attention of the city officials. Hence, there are chances for a reassessment of the property value after the construction is over. If you had to rebuild your property due to a natural disaster but did not increase the sq.... Read More

Are you searching for a serene environment to retire and spend the rest of your days in peace? Then you must definitely consider the tax rates in that particular county or state because you should not waste most of your fine saved savings to disburse on taxes! Here are the top 10 places in which you can consider moving in when you are planning to retire or on the verge of quitting your job! Property taxes play a big role To help retirees keep their savings longer than a timeframe, picking the places with the lowest property taxes plays a major role. Here is the list of places that have either none or low social security taxes. These places have considerable property taxes which can save you more money. But, if you want to stay at a place that happens to have a higher tax rate, then the best thing... Read More

Fight the valuation that determines your property tax bill. The season when the Texas property appraisals are out is said to be the magical season where you walk down to your mailbox with a mix of emotions, deep breathe and dare to look at your appraisal. Property taxes are calculated by multiplying an estimate of the property’s value with the tax rate set up by the local tax authorities. If you feel your property tax rates are too high, don’t worry. Experts say you can either go offensive or defensive, but what is it? Offensive and the defensive approach In a defensive approach, you can ask for the evidence the county appraisal district is going to use to defend you. This will help you know which properties are compared with yours. You can analyze these properties and bring in reasoning to speak for you. The offensive approach lets you argue... Read More