Comments on: How To Save Hundreds Of Dollars On Your Tax Bill By Challenging Your Property Taxes

By: 101 Ways to Cut Your Spending This Year

101 Ways to Cut Your Spending This Year — Wed, 06 Jan 2010 11:02:32 +0000

[...] Challenge your property tax assessment, if you feel it’s too [...]

By: Carnival of Money Stories — Almost Frugal

Carnival of Money Stories — Almost Frugal — Mon, 21 Dec 2009 10:06:33 +0000

[...] presents How To Save Hundreds Of Dollars On Your Tax Bill By Challenging Your Property Taxes posted at Bible Money Matters. After reading on some other blogs how the bloggers had successfully [...]

By: Does Black Friday Mean Green for Investors?

Does Black Friday Mean Green for Investors? — Mon, 07 Dec 2009 00:20:24 +0000

[...] How To Save Hundreds Of Dollars On Your Tax Bill By Challenging Your Property Taxes [...]

By: David/Yourfinances101

David/Yourfinances101 — Wed, 02 Dec 2009 03:50:54 +0000

And I thought I knew of just about every way to save money out there. This one is completely new to me. I will definitely investigate and probably give it a try. David/Yourfinances101´s last post ..Be a Hero This Holiday Season

By: Josh

Josh — Tue, 01 Dec 2009 16:25:27 +0000

We (Wife, me and Son) live in condo where the association has similar layouts in pretty much all condo units and fm speaking with neighbors, i found we’re all paying the same tax amounts – but i am wondering, since the real estate prices have tumbled in recent times, is it possible to lower your property taxes by challenging the assessed values of our unit even though neighbors may not have done that. I say that becuase county can just come back and say your neighbors have same size condos and they’re all paying the same taxes so you must pay the same amounts. can they argue with me on that front or do they simply go by what my particular unit gets assesed at (regardless of what neighbor is paying on his/her condo taxes)?

thx. please send copy of reply to my email as well so i know you’ve responded to this post. thx again.

By: Patrenia

Patrenia — Tue, 01 Dec 2009 04:56:21 +0000

Congratulations!!! Nice savings. It really shows that doing a little bit of research pays off in the long run. I’ll take that savings any day of the week .

By: sweet

sweet — Tue, 01 Dec 2009 03:33:07 +0000

Unfortunately, where I live, this won’t work. There is an odd formula they use to work out the property tax. Essentially, they figure out what they need and then tax accordingly. The last property bill we got basically said that while our house hadn’t appreciated in value, they were taxing us as though it had. They use both a ‘multiplier’ and an ‘ Equalized Assessed Value’ in the formula. Bottom line, even though my house is worth approximately $60,000 less than we paid for it 4 years ago, my taxes went up. Gotta love Illinois.

By: Becky Rivera

Becky Rivera — Tue, 01 Dec 2009 02:13:11 +0000

I know my taxes are over $4000 a year. My house is only assessed at 180,000. But NJ has high taxes. I may try to get them reduced, but I just converted our 1 bedroom into three so I might not want to rock th boat.
Becky Rivera´s last post ..Only two more day to enter my contest!

By: Kacie

Kacie — Mon, 30 Nov 2009 21:28:48 +0000

Ugh, I’m jealous of your property taxes! For a house around $120k in this area, I could expect an annual property tax bill of about $3500 – $4k. No joke. These outrageous taxes are keeping me renting for now.

Here, there are things you can do to lower your tax bill by going to the county assessor’s web site and checking out the abatement options.

Don’t forget that for this tax year, taxpayers should be able to deduct their property taxes, whether or not they itemize. Something to look into!
Kacie´s last post ..Trying out Groupon to potentially save money on local attractions

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Mon, 30 Nov 2009 20:44:12 +0000

Jason--I agree with you completely about the opportunity lost in not challenging things. The problem is that we're busy with our lives and don't always have time and we prefer to avoid conflict. As Matt wrote, challenging a tax bill doesn't usually go this smoothly. Sometimes there's a lot of time and emotion tied up in challenging something, and there can be an opportunity cost if the challenge takes you away from more productive activities. I'm not justifying not challenging, just offering compelling reasons why we don't do it as much as we should. Kevin@OutOfYourRut´s last post ..Ten Common Sense Ways to Reduce Our Identity Footprint