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Save Taxes: Negotiate A Reduction in Your Assessed Value

Prairie Eco-Thrifter

If you own real estate, you have been, or someday will be, confronted with a rise in your assessed property value. This usually leads to an increase in your real estate taxes! Increases in your assessed value can sometimes be negotiated downward, saving you tax money. What is assessed value? Who does the assessment?

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How Much House Can I Afford? Affordability Calculator

Savings Corner

An important metric that your mortgage lender uses to calculate the amount of money you can borrow is the DTI ratio — comparing your total monthly debts (for example, your mortgage payments, including insurance and property tax payments) to your monthly pre-tax income.

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Benefit from My Financial Mistakes

Prairie Eco-Thrifter

Its good to be independent, but don’t overlook opportunities presented to you! By purchasing used vehicles you save on the initial car price, the sales tax you pay upon purchase as well as the property tax you pay each year and the amount you need to insure it. I failed at negotiation.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. Given the present circumstances, I wish we had more saved, but we have enough to get us through several months of reduced income.

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How To Get A Personal Loan In 8 Steps

Savings Corner

Income verification: You can provide a pay stub, bank statements, tax returns or even 1099 forms if you’re self-employed. They may ask for copies of utility bills, lease or rental agreements, property tax bills or credit card statements as proof of address. Doing so can help avoid delays.

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