7 Keys To Saving On Real Estate Taxes

Even though I am a cash flow specialist and the Real Estate Sector is one in the vast number



of cash flows that I deal with. I felt compelled to write this article because of my



experience working a regular "9 to 5" in a county collections office.



Being the grunt on the bottom of the totem pole was nothing new to me. So I had no problem



with being "The Bad Guy" when the 100 plus calls came in from real estate property owners



that wanted to know "Why are you guys sending me such a high property tax bill?"



After taking several of those calls, and defusing some irate tax payers long enough to



actually explain how their taxes where calculated. I came to one simple conclusion. Most of



the real estate owner's had a higher tax bill because they where not well informed.



One of the reasons that I feel we as people are not educated to certain issues that affect



us on a daily basis is our fear of asking a dumb question, or some of us just don't know



what to ask. Well, I'm going to reveal some questions you can ask that could save money on



your real estate tax bill. It's just up to you to give your county office a call and ask the



questions:



1. What is the calculation for my real estate taxes?



2. Is the assessment of my property part of that calculation?



3. How and when does the county office come up with the market value during assessment?



4. Can this market value assessment be appealed? What is the process and deadlines?



5. What are the deadlines for payment or filing of paperwork? And do you except the



postmarked date?



6. My taxes are covered in escrow agreement will you still send me the bill?



7. If you are in tax trouble seek the help of a professional: an accountant, attorney, or



financial (tax) advisor.



One debt free solution. That Is known to me, would be to receive a cash payment on the



selling of a real estate note, often referred to as a trust deed or mortgage. Some buyers



even consider a partial purchase allowing the seller to receive the money they need without



losing all their future payments from the real estate note.



Author



Carlos E. Penn Sr.



Is a Cash Flow Specialist and Owner of Penn III Financial LLC

Whose Expertise include the closing of paper transactions in:

Real Estate

Structured Settlements

Vitacals And

Annuities

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