Irvine, CA, May 11, 2008 --(PR.com
)-- Many homeowners are overpaying their property taxes without knowing it. Home values have recently declined across the country, but most property tax jurisdictions have not reduced the assessed valuations and are charging taxes based on higher than market valuations. PropertyTaxMagic.com offers free easy to use tools to help homeowners determine if their property value is less than assessed value.
“Many homes purchased or substantially remodeled since 2004 have assessed valuations that are significantly higher than current market value.” Says Chris Dufault, founder of PropertyTaxMagic.com, “PropertyTaxMagic.com guides homeowners through the process of filing an assessed value appeal.”
The savings can be significant. For example, the statewide average tax rate for Wisconson is over 1.8% according to the 2005 American Community Survey by the U.S. Census Bureau. At a 1.8% tax rate, lowering assessed value by $100,000 could save a homeowner $1,800 a year in property taxes.
PropertyTaxMagic.com is a free first step towards lowering property taxes. PropertyTaxMagic.com provides free nearby sales information, assessed value and last property tax paid. Additionally, there are links to many Tax Assessor sites to help homeowners understand local appeal processes.
For further information about saving money on property taxes see: www.propertytaxmagic.com.