When it comes to keeping on top of your property taxes, with everything else that you have to pay out for, it can sometimes be a struggle. Money, sadly, doesn’t grow on trees, and sometimes what we earn just isn’t enough to cover all our bills.
If you have fallen a little behind on your property tax payments, don’t panic, you are not alone. Believe it or not, a lot more households than you would think, get behind with their property tax bills.
To help you make it easier for yourself to keep on top of your property tax bills, here are a few simple tips:
Get your property tax card
Many people don’t realize it, but you can request your property tax card from your local town hall. This is something that you should definitely do as it will tell you whether there is any way that you can argue the price of your property tax.
You see, how property tax is done is that your are charged a certain amount depending on the size of your home. Each room and the number of various fixtures in your home are also taken into account. So, if you get hold of your property tax card and can see that something isn’t noted properly, you could argue the amount that you pay.
Show your tax assessor around
When it comes to your annual property tax evaluation, don’t allow your tax assessor to walk around your home unguided. You may not realize it, but this mistake can cost you big time, so always take the time to show your assessor around.
Many tax assessors only note the good things about your property, increasing the cost of your property tax. However, if you guide them around, you can point out the good things as well as the bad.
Put money aside for each bill
After paying off your mortgage, the most important bill is your property tax bill, so make sure to put money aside for it. At the start of the month, save the amount you will need to pay your property tax from your paycheck so that you know that you can afford to pay it.
Each time you get paid, create a list of all the bills that need to be paid and ensure that you can afford to pay them all off. If your money doesn’t stretch quite that far, make sure to pay the priority bills, like mortgage and property tax payments first.
Get a loan
If all else fails and you end up missing a couple of property tax payments, try not to panic. Yes, you are in a bit of a sticky situation, but you can get back on top of your payments. So try to stay calm and not get too stressed out about it.
If money is tight and you can’t afford to catch up with the payments that you have missed, it’s a good idea to consider taking out a loan. Yes, this may sound counter-productive, but it’s actually, a great way of catching up.
Get in touch with a specialist property tax lender, and discuss your situation. Not only should they be able to suggest different loan options and payment plans, but they should also be able to offer you support and advice.
Don’t fall behind again
Once you have caught up with your missed payments and have started to pay back your loan, aim not to fall behind again. Ensure that you always put enough money aside each month to cover the cost of your property taxes and always pay them on time.
Money can be hard to manage, especially when there just isn’t enough of it. However, with some careful planning, it is possible to get on top of your property taxis, even if you are already behind.