Property Taxes
How much do you pay your lawyer to appeal your property tax? We pay 25% of the change in value which seems annoying for filing a few papers.
[{"id": "ffutgdj", "text": "That's pretty low from what I have heard. In my area I've heard the tax reps get 1/3 of the savings for 3 years. Why don't you do it yourself?", "replies": [], "depth": 1}, {"id": "ffv8cgz", "text": "I worked as a property tax consultant before. It\u2019s typically much more than filing a a few papers to the assessors office. In most jurisdictions, reductions of assessed values are not often agreed upon and are often denied outright, even in a slam dunk case. Like most things in real estate, it takes extensive knowledge of the local market and good relationships with assessors can yield favorable results. You are correct that the fee is typically 25% of tax savings over the applicable years.", "replies": [], "depth": 1}, {"id": "ffvjqlg", "text": "I am a Texas property tax consultant, the fees vary depending on property type, state, total value and number of properties in an engagement. We will typically give discounts to engage high value portfolios. We mostly deal with REITS or large management companies. We definitely do more than just shuffle paperwork.", "replies": [], "depth": 1}, {"id": "ffvp3yy", "text": "I've never dealt with property tax appeals but I was a commercial appraiser years ago, what involvement would a lawyer have in a property tax appeal?  To me, assuming the property appraiser's office has the information (square footage, age of building etc) correct, I would think it would be a matter of presenting comparable sales data, which you can often easily obtain from the property appraiser's office online records.", "replies": [], "depth": 1}]