Overtaxed and underinformed

30.05.2011                      26.Ijar, 5771                      Tag 41 des Omer

Wirtschaft:

Overtaxed and underinformed

Seven ways to discover if your local property tax bill is too high.

Most home and business owners think their heavy monthly local property tax assessments are set in stone. But a professional examination of the bill often reveals an excessive amount being charged, sometimes going back for years. Here are seven things to check in determining if you're paying too much.
1. Calculate the area taxed: Check if the square footage on which the tax is assessed matches the type of measurement employed by the local authorities. Some localities base property taxes for apartments and offices on their gross area, including a proportion of common areas, while others count just the actual net floor area. There are also those using a weighted average combining the two parameters….