| How It Works |
Fill Out Form
1
Get free
assessment
report
assessment
report
2
Decide to go
forward with
dispute or not
forward with
dispute or not
3
| Once you have completed this assessment questionnaire, your information will be sent to a participating "Property Tax Expert" in your area. Our affiliates are experienced and licensed real estate professionals that understand the local real estate market. You then decide to go forward with pursuing a tax reduction after receiving the property report . By providing your phone number you are consenting to speak with a licensed professional even if you are on the Do Not Call List. |
MyTaxableValue.com does not provide valuation or resolution dispute services, but rather is a matching service that seeks to connect consumers with unrelated companies and individuals that provide real estate valuation and
advisory services. MyTaxableValue.com takes no responsibility for the quality of the services you may receive.
Once you have completed this expression of interest, your information will be sent to participating "Property Tax Experts". One or more participating service providers may contact you by telephone. Your information may also
be sent to other service providers. By submitting your expression of interest, you are consenting to receive telephone calls even if you are currently on the do not call list.
MyTaxableValue.com does not provide tax, legal or investment advice.
The "Property Tax Experts" are from companies or industries that may require licensing, bonding or registration in order to lawfully do business in your state. MyTaxableValue.com encourages you to check with the
appropriate governing agency to be certain any requirements are being met.
advisory services. MyTaxableValue.com takes no responsibility for the quality of the services you may receive.
Once you have completed this expression of interest, your information will be sent to participating "Property Tax Experts". One or more participating service providers may contact you by telephone. Your information may also
be sent to other service providers. By submitting your expression of interest, you are consenting to receive telephone calls even if you are currently on the do not call list.
MyTaxableValue.com does not provide tax, legal or investment advice.
The "Property Tax Experts" are from companies or industries that may require licensing, bonding or registration in order to lawfully do business in your state. MyTaxableValue.com encourages you to check with the
appropriate governing agency to be certain any requirements are being met.
| Copyright © 2007 myTaxableValue.com |
Did your local assessor value your property
correctly?
Does the square footage match what is
actually there?
Are the number of bedrooms correct?
How much are you Over Paying?
correctly?
Does the square footage match what is
actually there?
Are the number of bedrooms correct?
How much are you Over Paying?
MyTaxableValue.com
State property tax systems typically follow one of two policies:
In virtually every state, the property tax follows a market-value based system under which property is taxed on the basis
of its fair market value. The concept is commonly understood to represent the price the property would bring at a fair,
voluntary sale. In other words, the value at which the property would change hands between a willing buyer and a
willing seller, neither being under any obligation to buy or sell and both having reasonable knowledge of relevant facts.
The extent to which a given parcel or item of property is subject to taxation is generally dependent on several issues.
The first is whether the property constitutes real property, tangible personal property, or intangible property. Next is
who owns the property and to what use the property is put, because that ownership and/or usage may dictate that the
property is entitled to full or partial exemption from taxation.
State definitions of "real property" generally include land, any improvements permanently attached to the land, as well
as all rights and benefits from ownership of any lifetime or greater interests in such land improvements. "Personal
property" is generally defined by way of exclusion, with all property other than that falling within the definition of real
property being considered personal property.
The distinction between tangible and intangible property is then commonly made by considering any item of personal
property that may be seen, touched, or moved about to be tangible personal property. The following definitions are
representative of the law in most states.
Real Property - means land, an improvement, a mine or quarry, a mineral in place, standing timber, or an estate or interest in any such
property.
Personal property - means property that is not real property.
Tangible personal property - means personal property that can be seen, weighed, measured, felt, or otherwise perceived by the senses,
but does not include a document or other perceptible object that constitutes evidence of a valuable interest, claim, or right and has
negligible or no intrinsic value.
Intangible personal property - means a claim, interest (other than an interest in tangible property), right, or other thing that has value but
cannot be seen, felt, weighed, measured, or otherwise perceived by the senses, although its existence may be evidenced by a document.
Who is the taxpayer -
Who owns a given parcel or item of property is important for property tax purposes because the owner of the property on the assessment
date is primarily responsible for paying the property taxes. The identification of the owner is also important because property may be
exempt from tax or otherwise receive special tax benefits merely on the basis of who owns the property.
In most cases the owner of the property is straight forward, that being the person on record as the owner on the date of the assessment.
However, there are certain situations where it is not so clear.
Agents and Assignees - Agents and assignees may be required to pay tax and file reports on property held in their capacity as such,
although their principals and assignors, respectively, remain primarily liable for the tax.
Joint Owners - Any person holding property jointly or in common can be held liable for the tax as to the whole property, or as to his or her
proportionate interest.
Lessors and Lessees - Generally, because property is taxable to the owner, lessors are liable for taxes on leased property. However,
lessees are not necessarily relieved of any property tax obligations with respect to leased property, and are frequently held liable when:
Owners of Severable Interests - The owner of mineral rights, surface rights or crops, timber, quarry and similar interests that have been
separated from the land is usually liable for tax on those separate interests.
How is the property being used -
State legislatures can, subject to certain limitations, exempt any persons or property from taxation or provide comparable tax benefits such
as abatements, credits, or reduced assessment ratios. In general the tax benefit must serve a public purpose and the classification on
which it is based cannot be arbitrary. In most cases the availability of the benefit will be conditioned on the property being used for a
specific purpose.
- That all property, without enumeration, is taxable unless specifically exempt or
- That only such classes of property as are specifically enumerated are taxable.
In virtually every state, the property tax follows a market-value based system under which property is taxed on the basis
of its fair market value. The concept is commonly understood to represent the price the property would bring at a fair,
voluntary sale. In other words, the value at which the property would change hands between a willing buyer and a
willing seller, neither being under any obligation to buy or sell and both having reasonable knowledge of relevant facts.
The extent to which a given parcel or item of property is subject to taxation is generally dependent on several issues.
The first is whether the property constitutes real property, tangible personal property, or intangible property. Next is
who owns the property and to what use the property is put, because that ownership and/or usage may dictate that the
property is entitled to full or partial exemption from taxation.
State definitions of "real property" generally include land, any improvements permanently attached to the land, as well
as all rights and benefits from ownership of any lifetime or greater interests in such land improvements. "Personal
property" is generally defined by way of exclusion, with all property other than that falling within the definition of real
property being considered personal property.
The distinction between tangible and intangible property is then commonly made by considering any item of personal
property that may be seen, touched, or moved about to be tangible personal property. The following definitions are
representative of the law in most states.
Real Property - means land, an improvement, a mine or quarry, a mineral in place, standing timber, or an estate or interest in any such
property.
Personal property - means property that is not real property.
Tangible personal property - means personal property that can be seen, weighed, measured, felt, or otherwise perceived by the senses,
but does not include a document or other perceptible object that constitutes evidence of a valuable interest, claim, or right and has
negligible or no intrinsic value.
Intangible personal property - means a claim, interest (other than an interest in tangible property), right, or other thing that has value but
cannot be seen, felt, weighed, measured, or otherwise perceived by the senses, although its existence may be evidenced by a document.
Who is the taxpayer -
Who owns a given parcel or item of property is important for property tax purposes because the owner of the property on the assessment
date is primarily responsible for paying the property taxes. The identification of the owner is also important because property may be
exempt from tax or otherwise receive special tax benefits merely on the basis of who owns the property.
In most cases the owner of the property is straight forward, that being the person on record as the owner on the date of the assessment.
However, there are certain situations where it is not so clear.
Agents and Assignees - Agents and assignees may be required to pay tax and file reports on property held in their capacity as such,
although their principals and assignors, respectively, remain primarily liable for the tax.
Joint Owners - Any person holding property jointly or in common can be held liable for the tax as to the whole property, or as to his or her
proportionate interest.
Lessors and Lessees - Generally, because property is taxable to the owner, lessors are liable for taxes on leased property. However,
lessees are not necessarily relieved of any property tax obligations with respect to leased property, and are frequently held liable when:
- they are in possession of the leased property and the assessor is unable to determine who the lessor is or where the lessor can
be located; - they make improvements to the leased property that increases its value;
- they lease property from an exempt entity such as the state or municipality; or
- when the lease is of such an extended duration that it is considered a permanent or perpetual leasehold.
Owners of Severable Interests - The owner of mineral rights, surface rights or crops, timber, quarry and similar interests that have been
separated from the land is usually liable for tax on those separate interests.
How is the property being used -
State legislatures can, subject to certain limitations, exempt any persons or property from taxation or provide comparable tax benefits such
as abatements, credits, or reduced assessment ratios. In general the tax benefit must serve a public purpose and the classification on
which it is based cannot be arbitrary. In most cases the availability of the benefit will be conditioned on the property being used for a
specific purpose.
Taxable Value
Often referred to as taxable value or assessed value this is what your local taxing authority has set as the value at
which your local tax rate will be multiplied. Your statement should show side by side, this year’s taxable value compared
to last year’s taxable value. This will show you how much; according to the local tax assessor your property has either
risen or lowered in value.
Why is this so important?
Since it is impossible to lower your local tax rate on your own without a general election, the only thing we can influence
is the taxable value of our home. The lower the value, the lower the tax..
Property Identification
It is important to take note of your property identification number and the legal description printed on your notice. This
will be helpful should you need to reference the property with your assessor, file any dispute paperwork or look at your
property record card.
Example of property identification:
11-22-33-444-555
Example of your legal description:
TIN T1 1W SEC 99 ABC DEVELOPMENT SUB 99 OF LOT 1
Property Classification
Often one of the most overlooked aspects of an individuals notice. An obvious mistake would be if your home was
classified as industrial. For vacant land owners it is important to be sure you are not classified as improved residential.
In addition to the right type of classification take notice if your property has any exemptions.
examples of exemptions:
Often referred to as taxable value or assessed value this is what your local taxing authority has set as the value at
which your local tax rate will be multiplied. Your statement should show side by side, this year’s taxable value compared
to last year’s taxable value. This will show you how much; according to the local tax assessor your property has either
risen or lowered in value.
Why is this so important?
Since it is impossible to lower your local tax rate on your own without a general election, the only thing we can influence
is the taxable value of our home. The lower the value, the lower the tax..
Property Identification
It is important to take note of your property identification number and the legal description printed on your notice. This
will be helpful should you need to reference the property with your assessor, file any dispute paperwork or look at your
property record card.
Example of property identification:
11-22-33-444-555
Example of your legal description:
TIN T1 1W SEC 99 ABC DEVELOPMENT SUB 99 OF LOT 1
Property Classification
Often one of the most overlooked aspects of an individuals notice. An obvious mistake would be if your home was
classified as industrial. For vacant land owners it is important to be sure you are not classified as improved residential.
In addition to the right type of classification take notice if your property has any exemptions.
examples of exemptions:
- “Homeowners Principle Residence”
- “Qualified Agricultural Property”
- “Qualified Forest Property”
- “Industrial Personal”
- “Commercial Personal”
Your notice of assessment is explained below; though every municipality has a
different format this section explains the important information applicable to all
assessment notices. The notice usually will have the words THIS IS NOT A TAX
BILL in bold letters at the top of the page and typically is mailed a few months
before your actual tax bill.
different format this section explains the important information applicable to all
assessment notices. The notice usually will have the words THIS IS NOT A TAX
BILL in bold letters at the top of the page and typically is mailed a few months
before your actual tax bill.
| Do You Pay too much Property Tax? Over 60% of Americans do. |
| No Obligation Property Report, Start Saving Today |