Sunday, November 6, 2011

NEO, The Window to Potentially Save Thousands on Your Real Estate Taxes is Fast Approaching!!

Since the high in 2006, commercial and residential real estate prices have plummeted.

The average value of a home in the U.S. has dropped 31%! And most experts believe that commercial and residential prices will keep declining in 2012 as property values will head toward a "triple-dip."

While many factors influence the valuation of a piece of property, there may be a good chance that you could potentially save hundreds, if not thousands of dollars a year by contesting your real estate taxes.

If you wonder whether or not it is worth the time and effort to file a complaint with your county, consider that a $50,000 decrease in property value could save your business or household an estimated $1100 a year.  Consider that even a $20,000 reduction in value could save you an estimated $1000 over the next three years. Savings could be substantially more for owners of commercial/industrial property whose rent collections have dramatically decreased.

In these tough economic times, where every business and household is looking for ways to save money, everyone should take the time to evaluate whether their property is valued correctly.

The window to file a complaint to contest the valuation of your property is fast approaching.  In Hamilton County, Franklin County, and Cuyahoga County, complaints must be filed between January 1st and March 31st.

Don't miss out on your opportunity to potentially save thousands of dollars for your business or household.  Reevaluate the value of your property today!

If you would like help or assistance in determining whether to contest the value of your property or need help with the petition process, call Attorney Aaron Minc at the law office of Dinn Hochman & Potter, LLC for help. (440) 446 - 1100.