Georgia County Property Tax Assessments are out & many Homeowners are discovering they will have to pay a LOT MORE in property taxes in 2023! There are companies out there contacting owner – YOUR Past Clients & Prospects – offering to help them with a Property Tax Appeal for a FEE. As a Real Estate Agent, YOU are in a position to be of service to your clients & help them with information for their Property Tax Appeal for FREE! What do YOU get out of it??? The Blessing of offering a Service! Potential Future Business! Potential Referral Business! The following is a synopsis of the latest episode of “Real Estate Made Crystal Clear” with our very own Dana Sparks. You can watch the video in its entirety below.
As a real estate agent, it’s crucial to stay informed about the latest developments that affect homeowners. One such development is the reassessment of property values and subsequent increases in property taxes in many counties. Homeowners are being approached by various companies offering assistance in fighting these tax hikes. However, as a knowledgeable agent, you have the tools and expertise to provide a similar service to homeowners, helping them appeal their property tax assessments and potentially save money. In this blog post, we will explore how you can offer this valuable service to your clients and prospects, positioning yourself as a trusted advisor in their real estate journey.
Understanding the Situation
Counties across the country are reassessing property values, leading to an increase in property taxes for many homeowners. Companies are capitalizing on this situation by reaching out to homeowners with offers to fight these tax increases through property tax appeals. They promise to handle the entire process, from start to finish, and claim that a significant percentage of their clients receive a reduction in their property tax bills.
Your Role as a Real Estate Agent
As a real estate agent, you possess the knowledge and expertise to conduct comparative market analyses (CMAs) or competitive market analyses (CMAs). These analyses involve evaluating similar properties in the area and assessing their market values. By performing a CMA, you can help homeowners challenge their property tax assessments and potentially obtain a reduction in their tax bills.
Providing a Valuable Service
Offering property tax assessment assistance to your past clients, customers, and prospects is an excellent opportunity to provide them with value. By leveraging your expertise and the available tools, you can analyze the market and provide homeowners with an estimate of their property’s market value. This estimate can be used as supporting evidence in their appeal against the tax assessment. By offering this service at no additional cost, you demonstrate your commitment to helping homeowners and building long-term relationships.
The Benefits for Homeowners
Saving money on property taxes is a significant advantage for homeowners. By successfully appealing their property tax assessments, they can reduce their tax bills, potentially saving a substantial amount of money each year. This financial relief can be a valuable incentive for homeowners to work with you and refer others to your services.
The Process
When assisting homeowners with property tax appeals, it’s crucial to follow a systematic approach. Start by gathering the necessary information about the property, such as its assessed value and recent tax bills. Then, conduct a thorough market analysis, comparing the property to similar ones in the area. This analysis will provide you with solid evidence to support your appeal. Present the findings to the homeowner, explaining how the appeal process works and the potential benefits. If they agree, assist them in submitting the necessary paperwork and guide them through the entire process until a resolution is reached.
In conclusion, as a real estate agent, you have a unique opportunity to assist homeowners in appealing their property tax assessments and potentially saving them money. By conducting thorough market analyses and providing compelling evidence to support their appeals, you can position yourself as a trusted advisor and advocate for your clients. This additional service comes at no extra cost to homeowners and can pave the way for future business and referrals. Embrace this chance to offer value to your clients, strengthen your relationships, and solidify your position as a real estate professional dedicated to their success.
Watch the entire video for more information here:
