How to Fight High Property Taxes

[WNYresident]

How to Fight High Property Taxes

Up to 60 percent of U.S. properties are overassessed, which means those homeowners are likely paying too much in property taxes. Understanding the assessment process is an essential first step toward getting your tax bill lowered.

http://www.zillow.com/blog/fight-hig...-taxes-149121/

[grump]

How to Fight High Property Taxes





http://www.zillow.com/blog/fight-hig...-taxes-149121/

And this reduces the tax levy how?

[4248]

How to Fight High Property Taxes





http://www.zillow.com/blog/fight-hig...-taxes-149121/

Once again New York tops the list:

Death and taxes. Benjamin Franklin espoused their certainty, but it’s doubtful even he knew how difficult it would be to avoid the latter – especially property taxes.

No matter where you live in the United States, if you own real estate, you must pay property taxes. According to a recent study by Zillow, a U.S. property owner pays an average of around $2,800, or approximately 1.4 percent of their home’s value each year in property taxes. Of course, that “average” figure indicates some homeowners pay more while others pay less. The counties with the highest averages are Westchester County, NY ($14,829 per year); Essex County, NY ($12,051 per year) and Bergen County, NJ ($11,172 per year).

[WNYresident]

And this reduces the tax levy how?

The most useful dollar is the the dollar in your pocket. There is absolutely no reason to pay more in taxes than you have to. Property/business owners are not job employment agencies for the politically connected.

[WNYresident]

Once again New York tops the list:

Death and taxes. Benjamin Franklin espoused their certainty, but it’s doubtful even he knew how difficult it would be to avoid the latter – especially property taxes.

No matter where you live in the United States, if you own real estate, you must pay property taxes. According to a recent study by Zillow, a U.S. property owner pays an average of around $2,800, or approximately 1.4 percent of their home’s value each year in property taxes. Of course, that “average” figure indicates some homeowners pay more while others pay less. The counties with the highest averages are Westchester County, NY ($14,829 per year); Essex County, NY ($12,051 per year) and Bergen County, NJ ($11,172 per year).

We are over charged because we have monopolies supplying our services.

[4248]

Also - by exposing the true value - or level of inflated values placed by local governments - you force those local governments to be more honest with their taxing rates.

This is part of the misinformation they have given us for years. They set the value of your home - you may want to believe the market does - it doesn't. The numbers there are also inflated by banks and developers for obvious reasons - their profits. One feeds into the other.

The scam of saying, "Your 60 year old home increased in value - because someone else built a new house" - is just that - a scam. Just ask your insurance agent the difference between "Depreciated value and replacement value" -

Your actually being taxed on replacement value - the cost to rebuild a like property at todays cost. Not the depreciated actual value.

Forcing them to show actual tax rates would help expose the budget hocus pocus. Older homes values are inflated so as to hide that over taxation.

Also homes in less desirable areas - like flood plains should actually be discounted for loss of market value - not increased because new homes are built outside the flood zone. Instead their assessments are inflated by new builds.

For years home owners have been told - "Hirer assessments = higher value" - that's not todays truth.

You have always been told - "More homes spread the tax burden" - that's also not factual - it increases the need for tax funded services - that increases the need for higher taxes and more tax funded employees.

We want to be lied to - we want to believe its best for us !