Property Taxes Choking Homeowners

 

Happy Sellers - Over the last two months, I have been working diligently with a town assessor to reduce the assessment on one of my listings for an out of town seller/client. Perseverance and hard work paid off.  As a result of my efforts, the sellers received a $30,000 reduction in assessment which translates into a tax savings of approximately $1500.00!  The high property taxes were a deterrent to many buyers.  I am confident that we will now have this home sold in short order. 

If you're thinking about moving, and are looking for a professional realtor that will go the extra mile for you, then I'm the right agent for the job!  Call me!  518-339-4858

Home Owners Fight Property Tax Increases
Taxpayers in high property-tax states all over the country are fighting back, including packing up and moving to states where the property tax burdens are lower.

They find it particularly galling that tax bills continue to rise as home values decline, a common phenomenon. A recent survey by the National League of Cities reported that 25 percent of municipalities raised property taxes in 2009 to replace declining revenues.

In New Jersey and New York, voters threw incumbents they viewed as tax-and-spend officials out of office. In Michigan, there have been so many tax appeals that the tax court has 24,000 pending cases.

Some observers like Ted Lanzaro, a certified public accountant who handles taxes for clients in Connecticut, predict that people are running out of savings and some are simply going to stop paying taxes.

Source: The Wall Street Journal, M.P. McQueen (03/06/2010)

Brenda Schworm

Brenda Schworm

Licensed Real Estate Salesperson
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