Property Tax Consulting - Work From Home Business

By Matt Piascik

Rising property taxes are a point of contention for most people and helping homeowners contest unfair higher assessments can be one of the best home based business opportunities that provide real income today. The fact is that homeowners need a watch dog to help them with their taxes.

We're seeing so many families facing foreclosure and rising property taxes while their home values fall. That doesn't sit right with most people's sensibilities. Most people don't have the time or knowhow to challenge their property taxes. Errors exist in the tax data especially considering that comparable home prices are dropping. That's where this home business shines. The role of a property tax consultant is to help people with their tax assessment.

Property tax consulting is worked on a contingency basis. In other words, you do not charge a fee for your services unless you achieve a tax reduction for that person other than a small processing fee.

If you win the assessment appeal, the client rewards you with a portion of the property tax reduction. It doesn't cost the homeowner anything unless you work a win for them ... and it is relatively easy to win.

Where the reward money lies is in the contingency fee. When you win your case for the homeowner you receive 100% of the tax savings. For example, your client's property tax is $10,000 and you saved them a typical 20% on their assessment, your fee would be $2,000. The payment is spread out over 2 or 3 years so the client is rewarded by seeing an overall tax saving.

With housing prices falling, finding comparable sold homes to make your point to the tax authorities is easy. This is an excellent time to start this work from home business. The process is straight forward and upon making a favorable explanation you should be able to get property taxes reduced for your client.

Charge a small one-time fee to help offset your overhead costs. When you are starting out, this is helpful. You'll want to cherry pick the more expensive homes and those cases you feel you have the best chances to win.

Just about everyone wants to save money on their property taxes. It is a very easy service to market. With shrinking real estate values giving government less tax receipts, local government if forced to raise the tax rate to fill their coffers and meet expenses. Customers who want to appeal their property taxes is easy and will never be hard to find.

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