Tuesday, March 31, 2020 / by Vanessa Saunders
March 31, 2020
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Every home owner pays property taxes on their home or commercial property. No one likes how much they're taxed. Even if you pay off your mortgage, taxes are still assessed. Along with death, they never go away. But there are some simple tricks home owners can use to lower the taxes they pay. Most involve lowering either the estimated value of the property, or lowering the tax rate.
Ask to see your property card.
Your town hall has tax cards for every home that is taxed by that municipality. This card includes information about the size of the lot, the precise dimensions of the rooms, and the number and type of fixtures located within the home. Other information may include a section on special features or notations about any improvements made to the existing structure.
Errors are not uncommon on tax cards, so as you review your card, note any discrepancies, and raise these issues with the tax; ...
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hudson valley real estate, hudson valley property, hudson valley home owners, 'urb to 'burb, home inspections, lower property taxes, appraisals, taxes
Thursday, February 6, 2020 / by Vanessa Saunders
Do you live in NY’s Hudson Valley? Do you know that your taxes are based on the Assessed Value of your home, not the Current Market Value? You may well be paying more taxes than you should. Want a reduction GPS is here to help? One of our neighborhood Local Area Specialists who hold the PSA (National Association of Realtors Pricing Strategy Advisor) designation, will come to your house and do a complete and thorough walk-through, as we know only too well that no one house is the same as another, and it’s imperative to have a thorough understanding of your property’s attributes to price it correctly. Once we have your property’s details we analyze comparable sales in combination with your neighborhood market trends. Our PSA will then provide you with a suggested pricing report for review and discussion with our recommended Tax Grievance Attorney. Call us for your complimentary consultation today. +1914-368-0022 ...
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hudson valley real estate, hudson valley property, hudson valley home, hudson valley home sellers, westchester county, rockland county, ulster county, sullivan county, selling your home, appraisals, assessments
Monday, September 30, 2019 / by Vanessa Saunders
"Appraisal requirements axed on home sales under $400K."
That headline got my attention when I read it today on Inman News. But the ensuing story left me curbing my enthusiasm instead of popping champagne.
Inman explained it this way. "Following nearly a year of deliberation, federal regulators on Friday approved a long-awaited proposal to waive appraisal requirements on certain home sales of $400,000 and under."
“The appraisal threshold was last changed in 1994,” stated a press release issued by the Board of Governors of the Federal Reserve System. “Given price appreciation in residential real estate transactions since that time, the change will provide burden relief without posing a threat to the safety and soundness of financial institutions.”
Bumping the threshold up to $400,000 comes as good news to Hudson Valley home buyers, and REALTORS®, who have been expecting the decision for the last year. But what's not mentioned by the headli ...
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hudson valley real estate, hudson valley home, buying a home, home investment, hudson valley home owners, mortgage process, appraisals