Condos Minneapolis
It’s Worth Checking Out-Your Tax Assessed Valuation-Is It Accurate?
May 10, 2012 by Financemyhome · Leave a Comment
“Anyone may arrange his affairs so that his taxes shall be as low as possible…for nobody owes any public duty to pay more than the law demands.” Judge Learned Hand
This opinion refers to federal income tax but the logic and spirit can easily be applied to any tax including property tax. Most property tax is based on a valuation called an assessment placed on the property by a government taxing authority.
When property values rise due to appreciation, the assessments usually rise. However, when values decline as they have done in many areas in the past few years, the assessments should follow accordingly.
If you don’t believe your assessment reflects market value, put together proof to support your position. Recent comparable sales, similar in size, condition and location are very persuasive. Check to see if the square footage on the assessment is accurate. If the home is not in good condition, take pictures to show that.
As your real estate professional, I can supply the comparable sales, filing deadlines and other pertinent information needed to make a challenge. Lowering your assessment will result in lower property taxes and more money in your pocket.
Sincerely,
RE/MAX Results
John Mazzara
7300 France Ave S #410
Edina, MN 55435
Off-952-929-2577
Cell-612-386-7027
Fax-952-928-3799
Google Voice- 952-491-0884
john@johnmazzara.com
http://www.MinneapolisStPaulHomes.com
Watch my Youtube video on how I sell a home:
http://www.youtube.com/watch?v=oz1zGDOXcoQ
RE/MAX real estate intro video athttp://youtu.be/EJE_s67xIWI
NMLS # 332556
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