April 11, 2008

Save Money in the Real Estate Down Turn

Filed under: Gene Lynch — admin @ 4:17 pm

While newspaper headlines continue to shout about the falling sky in the real estate market, there is a bright spot of hope for those who bought at the high end of the cycle. The way to capitalize on the current price deflation is to have one’s property taxes reassessed to more accurately reflect the current housing prices.

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For example, if one bought a house for $400,000 in 2006 and similar properties are selling for $325,000 in your neighborhood now, contacting your county tax assessors office and having your tax assessed value redetermined makes sense. девушку трахают

 Usually the assessed value is only recalculated on the sale of the home and then increased according to the % scale being used by the county for that assessment period, which is set by law by the Minnesota State Legislature.

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 By doing a quick search of homes in your neighborhood at our website, you can find out the comparable prices in your neighborhood and see if a reassessment makes sense.

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