With pressure on to balance the budgets of local governments, taxes are ever on the increase. That fact, coupled with the
reality of frequently inexperienced office employees in often understaffed tax assessor's offices, many times results in
assessments that are too high. As unbelievable as it may seem, tax assessors are commonly elected or appointed having very
little if any experience, knowledge, formal training or professional qualifications. The fact is, tax assessments on
properties are based on the opinions of people who think they are correct in their judgments, but who unfortunately may
indeed be incorrect.
It has been estimated that as much as 70%-80% of all tax assessments fall into that category. With the billions of dollars
in real estate taxes that American taxpayers pay each year, that represents a potentially huge margin for error. As difficult
as it may be to believe, it has been reported that less than 2% of all assessments are ever questioned
Interestingly enough, of the 2% of all assessments that are challenged, over 80% are reported to have been reduced. That being the case you may be asking
yourself, "why is it that so few assessments are questioned?"
The answer rests in the fact that the average individual is not aware of any alternatives nor do they have the knowledge contained in this material. Not only does the average person not have the information, but neither do many individuals responsible for the larger commercial and industrial properties. And in the cases where people have knowledge, they simply do not have the time or a strong enough motivation to make an appeal for reassessment.
As property taxes continue their ever increasing spiral upwards, property owners and managers are in desperate need of the services of property tax professionals who can aid in the reduction of this liability.
Talk About a Business Whose Time Has Come ! !
As a professional Property Tax Reduction Consultant, your services are a necessity to taxpayers. Taxpayers are finding that it
is crucial to get help; they can no longer afford to be sucked into the whirlwind of spiraling real estate taxes. As with
Business Debt Arbitration, property tax consulting is an associated service whose time is NOW.
Your potential marketplace is so vast that it literally boggles the mind. Look around you... every building, every house,
every parcel of vacant land is owned by a tax paying individual, partnership or corporation. Property tax reductions range in
amounts from a few dollars to millions of dollars. Your fee for obtaining a reduction in tax assessment is 50% of the tax
savings plus an annual fee of 25% of the savings for an agreed upon time period (usually 24-48 months). This residual income
has the potential of creating a tremendous amount of wealth for those individuals with the determination and persistence to
work the plan.
Property tax auditing like utility auditing is truly unlimited in scope. You do not have to confine yourself to your home town.
As a consultant you are able to market your services nationwide. All you need is knowledge of the basic methodologies that this
course material provides.
The opportunity and the demand is out there . . . commit yourself to success and go for it. Your clients have nothing to lose
and everything to gain. The Property Tax Training System comes complete with TaxTrak, the powerful property analysis software
that prepares professional assessment reports that will impress any tax assessor!!
As a Tax Consultant and a taxpayer,
you have every right to investigate and question how your government operates. It is through
our Constitutional rights as citizens that we are able to question authority. It is through this
process that we are able to discover errors made and abuses committed by the people we
have elected to govern us. People always have and will continue to make mistakes. Most of
the time they are unintentional, but none the less they are still mistakes and as such they need
to be corrected.
As a Property Tax Consultant, your task is basically to right a wrong and
you should be fairly compensated for your time, energy, effort and results. Most Property
Tax Consultants operate on a combination of a flat fee for the initial assessment review and
a percentage of any reduction obtained for their clients, plus a reduced residual percentage
for two to four years.
Let's say you have as a client a large property management company. They manage an extremely large apartment complex
whose property tax bill jumped from $90,000 last to $155,000 this year. After accepting the company as a client and sucessfully
reducing the tax liabilty by $40,000 a typical fee structure would be...
- Assessment review: $50 to $250 Paid up front (depending on the type of property
Residential, Commercial, Industrial).
- Client's Previous Tax Bill was. . . .$90,000
- New Tax Bill is. . . . . $155,000
- Tax Reduction. . . $40,000 per year, every year until next assement
Your Contingency Fee: 50% of tax adjustment = $20,000
AND
Residual Fee: 25% of original tax adjustment for two to four years. Your residual fees will generate
an additional $20,000 to $40,000 over the next 2 to 4 years!
Your fees includes an annual review of the subject property's tax assessment as a value added service for your client.
One Client... One Audit... $20,000 to $40,000 in Your Pocket! !
Included with your training program is the TaxTrak Software. TaxTrak is designed to handle all types of real estate... everything
from Raw Land to Residential, Multi-Family and Commercial. TaxTrak will do your Comparable Property Analysis including all calculations
and prepare a Professional Property Tax Assememt Report that will knock the socks of any Tax Asscessor!