Here are my thoughts on the crazy spikes in property taxes this year.
I’m sure you’ve been shocked by your home’s assessed value on your latest property tax assessment. This goes double for investment property owners. Values spiked up to a point where mortgage payments are climbing by hundreds each month.
I have a packet full of protest materials in the hopes of getting my bill lowered. I paid $500 last year to go to binding arbitration and wound up getting nowhere. Come along with me today as I try to save myself a little bit of money.
Feel free to watch the full video or use these timestamps to browse specific topics at your leisure:
0:00 — Introducing today’s topic
1:35 — How I lucked out this year protesting my taxes after failing in the past
2:30 — How the gross rent multiplier helped me out
3:30 — Something you might be relieved to know about property taxes
4:25 — Why there needs to always be a cap on property tax hikes
5:19 — Final thoughts
My biggest piece of advice? Always protest. It can’t hurt, and if you get lucky like I did, you might just save yourself some money with a bit of effort. If you have questions about getting a property tax protest together or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.