October 29, 2007

Property Tax Reduction

When it comes to a blanket reassessment, there is no way to know if the reappraisal company’s quickie assessment is correct unless you check their comparable sales data. The rub is that they don’t provide that answer. You are simply passed their derived assessment by your local tax assessor. There are no checks and balances; you’re left in the dark unfairly. There is no transparency. Who is checking the work?

If you’re not a professional appraiser and have no reference material, your chances of winning an appeal dwindle. In order to have a realistic chance of winning you can hire an appraiser to do an appraisal, show up at the Board of Taxation hearing and have a lawyer represent you for cost a few thousand dollars with no guarantee of winning.

Or, you can challenge it yourself. If you go into it unarmed without an expert do-it-yourself manual and do a haphazard self-conducted research of the lowest priced homes in town without proper backup, the town accusers will begin to poke holes in the evidence that the resident presents.

Using HouseTaxAx.com do-it-yourself manual, you can present your evidence in an organized manner that will stand scrutiny. You’ll have a level of confidence. It is laid out in layman terms and shows you how much of an adjustment you can take, the acceptable range of adjustments in the various categories that are valued.

HouseTaxAx.com do-it-yourself manual, is probably the only definitive and inexpensive way for the ordinary homeowner to have a fighting chance against the tax assessor. They want you to have the edge and keep the confusion form getting worse.

http://www.HouseTaxAx.com.com does that for you.

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October 24, 2007

Mortgage Calculator

Calculate whether a fixed rate mortgage vs. an adjustable rate mortgage will benefit you in the short and long-term.

WHICH IS BETTER

15 or 30 year term?

fixed or adjustable rate?

Your loan terms, the number of years over which you will repay this loan, are a crucial factor in determining which options are best fitted for you. The most common terms are 15 years and 30 years.

The term will be shorter than the number of years to amortize the loan or pay it down to zero if this loan has a balloon payment. For example, a loan with a 5 year term amortized over 30 years will have the same monthly payment as a 30 year loan with the same interest rate.

However, note the difference. The 30 year loan will have equal payments for 30 years. The 5 year loan will have equal payments for 5 years and then a very large, or balloon, payment for the remaining balance, which may be refinanced.

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