Off Topic: Use The Recession To Get A Home Property Tax Cut
As I’ve written in a prior recessionary tip… Robyn (my wife) and I are continuing to manage or eliminate costs as our local economy continues to feel the impact of “The Great Recession”.
Like many of you, we have seen our home value plummet. Yes, we did take advantage of the low interest rates by refinancing earlier this year. However, our home value is down about 20% since we purchased it less than two years ago.
In discussing this with Steve, a very smart friend at work, he quickly suggested that I submit a “Reassessment of Home Valve” with my county recorder. Steve made it very clear that Robyn and I could ultimately save a good amount of money on our annual property taxes (1.25%) if the reassessment was approved.
Well… I have good news to report. Our reassessment was approved five months after we applied. As a result, our tax bill will be lower this year, next year, and so on.
I hope this idea might help you as well.
Keep on tickin’ and savin’!
P.S. To leave a comment, please click here.
About The Author: Adam Pick is a double, heart valve surgery patient and author of The Patient’s Guide To Heart Valve Surgery. This unique book integrates the clinical facts of heart valve surgery with the personal experiences of 78 former valve surgery patients to help patients and caregivers better understand the problems, the opportunities and the realities of heart valve surgery. To learn more about Adam and his heart valve surgery book, click here.
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November 23rd, 2009 at 9:24 pm
I too have taken on many cost saving ways. I recently called several insurance companies and reduced our homeowners and car ins by 800.00 for the year. I too did the reassessment. Also, by unplugging everything in the house except the phones and the computers, we cut our electric bill by 70.00 or better per month. The electric shocked me - it is amazing how the items still use power even though they are off - we went around and tested them and sure enough the machine showed how many watts they used when off.
Couponing is another huge savings. I wait for sales and then use my coupons and in 2008 my savings was over 10,000.00 (no that is not a typo) I don’t do anything now without sale and coupon - oh and ask for a discount - most stores give it even if you have no coupon.