It's that time of year again and we as agents are constantly getting asked these questions so I thought I would share them with you.
Here are five property tax questions you need to ask.
1. What is the assessed value
of the property?
Note that assessed value
is generally less than market value. Ask to see a recent copy of the seller’s
tax bill to help you determine this information. Please note that tax appraisal value is NOT the same as a bank appraisal value which is generally higher or market value. Please consult with your agent to best determine your home's current market value. 2. How often are properties reassessed,
and when was the last reassessment done?In general, taxes jump most significantly when a property is
reassessed. This not necessarily done every year.
3. Will the sale of the property trigger
a tax increase?The assessed value of the property may increase based on the
amount you pay for the property. And in some areas, such as California, taxes
may be frozen until resale.
4. Is the amount of taxes paid
comparable to other properties in the area?If not, it might be possible to appeal the tax assessment and
lower the rate.
5. Does the current tax bill reflect any
special exemptions that I might not qualify for?
For example, many tax districts offer reductions to those 65 or
I hope this information has been helpful and that you will
give me the chance to represent you and save you money in your next real estate
transaction. If you have any questions, my contact information is below. Thanks
for your time and I look forward to assisting you with your real estate needs.
Sherry M. Cabrera, Realtor®
JP & Associates Realtors 5700 Tennyson Parkway, Suite 170 Plano, TX 75024
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: email@example.com
Office Number: 1 (800) 683-5651
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