Comments on: Challenge Your Property Taxes and Win! http://cashmoneylife.com/challenge-your-property-taxes-and-win/ Money Management, Small Business, Career Thu, 09 Feb 2012 19:08:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ryan http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-26611 Ryan Sat, 20 Nov 2010 17:14:25 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-26611 Stephanie, You will need to contact your county about how to undertake the appeals process. Be sure to get information to support your claim, including recent sale prices for homes in your neighborhood. You may be able to appeal simply by filling out a form and submitting it to the county auditor or you may need to undergo a formal appeals process. Best of luck. Stephanie, You will need to contact your county about how to undertake the appeals process. Be sure to get information to support your claim, including recent sale prices for homes in your neighborhood. You may be able to appeal simply by filling out a form and submitting it to the county auditor or you may need to undergo a formal appeals process. Best of luck.

]]> By: Stephanie Cartigiano http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-26610 Stephanie Cartigiano Sat, 20 Nov 2010 12:25:06 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-26610 Barnegat has five Adult Communities - and, I believe, we are being over-taxed...Six months ago when people started appealing we did not because we were comfortable with our taxes - then they were raised in May almost $400 - now they went up $600 a quarter (we are seniors and do not get raises ) and are very concerned about the new Health Care law and how it will affect Medicare and future coverage and services and then the raise in our real estate taxes. How should I proceed because we cannot afford this tax hike. Barnegat has five Adult Communities – and, I believe, we are being over-taxed…Six months ago when people started appealing we did not because we were comfortable with our taxes – then they were raised in May almost $400 – now they went up $600 a quarter (we are seniors and do not get raises ) and are very concerned about the new Health Care law and how it will affect Medicare and future coverage and services and then the raise in our real estate taxes. How should I proceed because we cannot afford this tax hike.

]]> By: Ryan http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-21996 Ryan Fri, 26 Feb 2010 14:08:27 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-21996 Eric, each county has different rules regarding how often you can challenge, and the process for challenging. You will need to contact your county auditor's office for more information. Best of luck! Eric, each county has different rules regarding how often you can challenge, and the process for challenging. You will need to contact your county auditor’s office for more information. Best of luck!

]]> By: Eric Garrison http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-21994 Eric Garrison Fri, 26 Feb 2010 05:03:27 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-21994 Hi Ryan, The same thing happened to us. We got a higher payment this year. Can you challenge the county every year? If so, what are the best steps to address it? Hi Ryan,

The same thing happened to us. We got a higher payment this year.

Can you challenge the county every year? If so, what are the best steps to address it?

]]> By: Ngoc Chim http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-21021 Ngoc Chim Thu, 31 Dec 2009 01:05:49 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-21021 Hi Ryan, I am inspired by your article. I live in Santa Clara County in California and my home was assessed to high. I did submit a proposition 8 review to try to reduce the assessed value of my home. Sadly it was denied. My mistake was not submitting an appeal. I was really upset when I realized that my next door neightbor was paying $1,500 less in property tax. Their house had much more square footage, they purchased the property after mine. Due to tax laws, nothing can be done at this time. I will have to wait for next July to resubmit my proposition 8 review and the appeal. I do agree that all property owners should verify the assessed value of their homes every year. Thanks for all the great tips. Hi Ryan,
I am inspired by your article. I live in Santa Clara County in California and my home was assessed to high. I did submit a proposition 8 review to try to reduce the assessed value of my home. Sadly it was denied. My mistake was not submitting an appeal. I was really upset when I realized that my next door neightbor was paying $1,500 less in property tax. Their house had much more square footage, they purchased the property after mine. Due to tax laws, nothing can be done at this time. I will have to wait for next July to resubmit my proposition 8 review and the appeal. I do agree that all property owners should verify the assessed value of their homes every year. Thanks for all the great tips.

]]> By: Ryan http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-17194 Ryan Fri, 20 Mar 2009 15:09:16 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-17194 <strong>Jody: </strong>I had my mortgage payment increase once as well for the same reason - the estimated property taxes weren't enough to cover the bill and the escrow account needed replenished. Rather than charge you the difference all at once, the escrow company probably added the amount needed to bring your escrow account current to your monthly mortgage payment. They also had to add more to your mortgage bill to bring up the monthly difference between the amount you were paying and the amount you will owe for next year's property taxes. That means this year your payments are a lot higher than what you were expecting, but they may actually drop next year because you aren't adding money to make up for the low amount in your escrow account. You can read more about it here: http://cashmoneylife.com/mortgage-payments-adjust-change/ Jody: I had my mortgage payment increase once as well for the same reason – the estimated property taxes weren’t enough to cover the bill and the escrow account needed replenished. Rather than charge you the difference all at once, the escrow company probably added the amount needed to bring your escrow account current to your monthly mortgage payment. They also had to add more to your mortgage bill to bring up the monthly difference between the amount you were paying and the amount you will owe for next year’s property taxes.

That means this year your payments are a lot higher than what you were expecting, but they may actually drop next year because you aren’t adding money to make up for the low amount in your escrow account.

You can read more about it here: http://cashmoneylife.com/mortgage-payments-adjust-change/

]]> By: Jody http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-17182 Jody Fri, 20 Mar 2009 04:24:12 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-17182 My mortgage payment recently increased by over $400 per month after two years in our new home. Talk about getting priced out of your house. Though my wife and I had rather not, we can currently afford this increase, but what a bunch of crap. We were told by Countrywide that our property taxes had been incorrectly calculated which ultimately resulted in a negative balance in escrow. In this board's opinion is this amount considered a little outrageous or are we just supposed to take such a huge increase each month in stride? Help. My mortgage payment recently increased by over $400 per month after two years in our new home. Talk about getting priced out of your house. Though my wife and I had rather not, we can currently afford this increase, but what a bunch of crap. We were told by Countrywide that our property taxes had been incorrectly calculated which ultimately resulted in a negative balance in escrow. In this board’s opinion is this amount considered a little outrageous or are we just supposed to take such a huge increase each month in stride? Help.

]]> By: Imani http://cashmoneylife.com/challenge-your-property-taxes-and-win/#comment-16325 Imani Sun, 01 Feb 2009 02:37:04 +0000 http://cashmoneylife.com/2007/11/19/challenge-your-property-taxes-and-win/#comment-16325 Another great post. This is something (challenging my property tax assessment) on my list of to do's this spring. The flag for me was when I called my home insurer a couple of weeks ago to discuss coverage and they showed my home as a two-family, which it is surely not. So maybe something is not right. Anyway, I did get a reduction of almost $400 on my insurance. So that is good. More money for ING :-). Another great post.

This is something (challenging my property tax assessment) on my list of to do’s this spring. The flag for me was when I called my home insurer a couple of weeks ago to discuss coverage and they showed my home as a two-family, which it is surely not. So maybe something is not right.

Anyway, I did get a reduction of almost $400 on my insurance. So that is good. More money for ING :-) .

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