article thumbnail

Navigating Your Property Tax Bill

Eppraisal

Property ownership comes with various responsibilities, and one recurring financial aspect is the property tax bill. Understanding this bill is crucial for homeowners, as it directly influences both personal finances and community services. Local assessors evaluate properties periodically to determine their market value.

article thumbnail

Commercial Real Estate Appraisal: How to Reduce Commercial Property Taxes

Appraisal Hub

However, with great property comes great responsibility, including the inevitable property taxes that can significantly impact your bottom line. Understanding the nuances of commercial real estate appraisal is key to navigating these waters and potentially reducing your commercial property taxes. is the first step.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real estate on the ballot: Here’s what passed at the state level

Housing Wire

The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.

article thumbnail

Property taxes have been rising. Here’s what it means for housing

Housing Wire

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I

article thumbnail

Reasons To Get An Appraisal

Padove Appraisal Service

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

Appraisal 148
article thumbnail

How to Appeal Your Property Taxes in King County

Will Springer Realtor

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects.

article thumbnail

Financing Options for First-Time Homeowners

Eppraisal

Here’s what you need to qualify for a loan, plus the rundown on five financing choices. Qualification Requirements Home loan requirements vary, but lenders generally look at your debt-to-income ratio, creditworthiness and loan-to-value ratio. Study all your options to make your finances manageable over the long term.

Finance 69