2019 is just around the corner and it is time to start finalizing your property tax payments from last year. Sometimes during or after making these payments, homeowners may have questions and be unsure of who to turn to for help.
Even though the County Clerk in your area can answer some of the basic property tax questions, a property tax consultant is your best choice for the more advanced tax concerns.
1. You Recently Purchased or Sold Property
Thanks to recent tax law changes, real estate sales and purchases can have a significant impact on your taxes. First-time homeowners may be eligible for deductions. A person’s age may also open them up to possible savings. Taking advantage of claimed expenses and available deductions can be a real money saver the next time a tax bill makes its way to your doorstep.
2. Major Life Changes Have Occurred
If you’ve recently experienced a life-changing event like a divorce or marriage your property tax situation could require some extra assistance. A recent marriage or divorce can affect:
- Your homestead exemption status
- The amount you have to pay on property taxes
- Deducted mortgage interest from joint taxes
3. You Feel Like You’ve Over-Paid Your Property Taxes
It’s important to keep track of how much you pay for your property tax on a year-to-year basis. A spike in your payment should set off some mental alarms because you may be overpaying due to an error. In these situations, it is important to reach out to a property tax consultant to find out the steps you need to take during a tax appeal. They can also help you best understand your statements and property assessments.
4. You Started a Local Business
Business owners typically take control of a commercial building and suddenly have to be concerned with commercial property tax. Much like other forms of property tax, commercial property tax is one that can be reduced by many different means. Finding the right person to help you save money in this area is important, and The Hegwood Group is ready to answer your questions!
5. You Are a First-Time Owner
First-time homeowners will definitely have lots of questions once that first assessment and bill come in the mail. Based on changes in tax law, some of the issues with first-time homeowners may seem unclear. Time to start meeting with a trusted property tax consultant.
The Hegwood Group can Help You Navigate Property Taxes in 2019 and Beyond
If you think that you have been paying too much on your property tax and want a second opinion, the tax consultants of The Hegwood Group can help. We specialize in business and personal property tax, as well as other related tax services like appeals. Don’t let taxes stress you out in the New Year. Reach out to The Hegwood Group today to find out more about our property tax services.