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You May Be Paying Way Too Much in Property Taxes!

If you're like a lot of people, your house went up in value for several years and is now dropping like crazy with everything else. Well, guess what? You may be paying property taxes based on higher value of your home that no longer applies.

None of us want to pay a penny more in taxes than we have to, but too many people are. Market values on many homes have sharply declined recently after spiking in the previous years, so your property taxes may be based on an assessment that's way too high.

Here's what to do: Go to your local assessment office and get comparable assessments of houses in your neighborhood. If your assessment is out of line, or if you think your home's assessed value is too high, file an appeal. Check your last property tax bill to see where and when you can file an appeal of your property tax assessment.

You can also hire a "property tax mercenary" to hunt down the comparables and make the appeal for you. You'll have to part with 30%-50% of the savings you realize, but half is better than nothing - and you pocket the entire savings every year from now on. Check under "Property Taxes" or "Real Estate Specialists" in your Yellow Pages.

(For more tips on lowering your property taxes, click here to watch our special video: "How to Successfully Challenge Your Property Tax Bill.")

The Bottom Line

As they say, the bottom line is the bottom line, and there are many easy ways you can free up some of your money and put it to better use - whether it's thinking about that dream vacation, a second home, paying for your child's college or simply living the life you've always wanted.



Our 30-Day Quick-Start Plan is full of ideas to help you live richer and be smarter about your money. Click here now to be among the first to get your copy of this just-released special report!

Ken and Daria Dolan are America's First Family of Personal Finance. For more than 20 years, they have helped people like you invest wisely and live richly. Now it's your turn. Get started on the path to financial freedom with their hot-off-the-presses special report, The 30-Day Quick-Start Plan. You'll learn everything from how to give yourself an instant take-home pay raise to how to slash your credit card costs to what insurance you can cancel today -- and much more! Click here to get started now.