Home Valuation

As interest rates are getting raised by the Federal Reserve, home valuations might suffer and mortgage rates will accelerate higher. Higher mortgage rates dampen demand for real estate, however, in an inflationary environment owning something like real estate makes sense.

Considering the real estate rentals, the economics of real estate ownership might be to one’s advantage. The only accelerating cost resulting from home ownership is the possibility of future property tax increases.

Real Estate Valuation Advice

“Stick to your financial non-negotiables,” she said. “If the current market isn’t conducive to your budget right now, then don’t stretch yourself unnecessarily. With that said, research your options to find the best financing product for you.”

Rueth firmly recommends not waiting. After all, as buyer demand continues to slow down, supply will continue to increase, giving buyers more opportunities. This means right now is a great time to buy a home and start building equity.

“Know your numbers, your budget, your down payment and your limits,” Rueth said. “Go in with eyes wide open; and, when you see a home that has been on the market for more than a weekend, see it as an opportunity to negotiate!”


In the future, if any homeowner is faced with an increase in property taxes, they can and should conduct a basic investigation for an accurate property tax valuation. We suggest a do-it-yourself approach. This isn’t rocket science.

Utilize free valuation guides and aids https://propertytaxax.com/property-tax-assessment/  by going to their homepage. They offer a helpful Property Tax Appeal Mind Map – guides you through winning your property tax appeal

Also: Property Tax adjustment Category Worksheet – a spreadsheet that reveals categories where you can make adjustment for comparative properties. And even: Free access To All Comparable Sold Homes In Your Area – get actual sold data that helps you verified the true market value of your subjects home

Residential Property Tax Appeal

In this article we will discuss the residential property tax appeal.

A residential property tax appeal is an appeal from the local government in which you reside regarding your property taxes. There are two types of residential property tax appeals, and they are:

1) A “non-residential” property tax appeal is one that is made by a person who owns a property in another municipality. This is typically done if the property is being taxed at a higher rate than the owner’s residence. In most cases, it is the owner of the property who files the appeal, but there are exceptions. For example, if the owner of the property is deceased or has passed away, then the estate may file the appeal.

2) A “residential” property tax appeal refers to an appeal made by a homeowner against their local government regarding the property taxes levied against their home. It is important to note that a residential property tax appeal is not the same as a commercial property tax appeal. The difference between the two is that commercial property taxes are levied by the state, while residential property taxes are levied by the local government.

When filing a residential property tax appeal, it is important to understand that the purpose of the appeal is to have the property taxes reduced. This means that you must prove to the local government that the taxes are incorrect or illegal. If you do not prove that the taxes are wrong, then the appeal is unsuccessful.

There are 3 avenues for resolution for a real estate over-assessment. First is the local property tax assessor. Second is the municipal board of appeal. Third, the judicial level.

There are several ways that you can appeal property taxes. These include:

1) Filing an objection to the assessment. This is the easiest way to file an appeal, and the only time that this type of appeal is necessary. The objector simply states that he/she disagrees with the amount of taxes assessed against his/her property. The objection must be filed within 45 days after the date of the assessment notice.

2) Filing an appeal to the county board of review. This is a more formal appeal than the objection. The appeal is sent to the county board of review, and the board reviews the case and makes a decision.

3) Filing a complaint with the county auditor. This is the final step in appealing property taxes. The complaint is sent to the county auditor, and the auditor investigates the case and makes a recommendation to the county board of review.

I want to pass on a FREE a Mind Map and Free Property Tax Appeal Worksheet for determining real estate valuation. Also will give you free access to comparative sold property data for your area. See if you have a justifiable property tax appeal case that you could win.

Government is simply inadequate to deal with accurate home valuations. This can be a game changer.

Get a free real estate appraiser developed tax review and worksheet document.  It makes for a high-odds winning difference! https://marketvalue.propertytaxconsultingcourse.com/

Help others to reduce their property taxes as well as perhaps a much-needed means to help lower a property tax for oneself. One can generate a solid side income helping needy residential as well as commercial businesses appeal over-assessments. Click here to learn more: Property Tax Consultant Training