Property and Real Estate Resources

Is there a Property tax bubble? Are some big cities like Atlanta on the verge of complete financial collapse?

Many cities and counties around the nation assess property taxes on real estate based on the “fair market value” of the property. Many tax assessors in these cities will tell you that the fair market value is based on the price a buyer will pay for the property under normal market conditions. So the question Read the rest of this entry »

I don’t know a thing about you, but I am willing to bet that you think your taxes are too high. Let’s face it, we all know that we pay taxes for a reason but sometimes it just feels like we pay too much. After all, we worked hard for our money! Why do we have to give so much of it away? We pay federal income tax, Medicare tax, somebody named FICA takes a huge chunk of our change; we pay state taxes and even local taxes. Read the rest of this entry »

Property taxes are one of the largest line item costs incurred by apartment owners. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government which can’t effectively be appealed. It tends to boil down to the old adage, “You can’t fight city hall”.

Fortunately, the prope Read the rest of this entry »

1. Why is is important for potential home owners to know what the property taxes will be on a house before they buy it?

It is very important to potential home buyers to know about the property taxes on a house because:

- Most mortgage companies will make the property owner escrow the property taxes and therefore it becomes part of their monthly payment which needs to be factored in to acc Read the rest of this entry »

Tennessee property taxes which are collected at a local level are primarily the sources of funds for the local government of Tennessee. The counties and cities within the bounds of Tennessee rely basically on the property taxes collected in the locale. Social services like public libraries, public schools, and fire and police support are primarily funded by the collected Tennessee property taxes. The biggest bulk of these funds Read the rest of this entry »