Typical errors are costing you hundreds or thousands

For you DIYers, here's a short list....let us know if it helps !

How many of these typical errors are costing you hundreds or thousands of dollars a year?

1. Inaccurate property descriptions.
2. Clerical errors.
3. Mathematical errors.
4. Failure to consider needed repairs.
5. Failure to consider value-killers like easements, drainage problems, heavy traffic areas, nearby railroad tracks, freeways or industry.
6. Lower assessments on similar houses in the neighborhood ( by law, taxation must be fair and equitable).
7. Failure to depreciate for negative factors ( age and quality of materials, electric heating instead of gas or oil, shoddy workmanship, cracks or deterioration, chronic defect, high tension wires and toxic waste sites, etc.
8. Failure to recognize decreased value due to slump in the real estate market.
9. Illegal assessments and unrealized exceptions.
10. So why is your property over-assessed and why will your property always be over-assessed?
    
    The answer is simple. Your local government relies on your money to operate. Your local government will always tax as much as you're willing to pay! Here's how it works:
    
    Every year, your municipality notifies the Tax Assessor of the dollar amount needed to fund the ever-increasing cost of public roads, buildings and services in the pending fiscal year. It's the Tax Assessor's job to divide this dollar amount by the total assessed value of real estate in the district to determine the tax rate, multiply the tax rate by the property values to determine the individual property tax bills and then collect the taxes. It's a huge and nearly impossible task. Most Tax Assessors use mass appraisal methods because they are too under-funded, understaffed and short on time to do the job right.