Tax Corrector | Helping homeowners reduce their property taxes | 001

#propertytaxes #homeownership #softwareengineering

Welcome to the Tax Corrector newsletter!

I'm Josh Hayles.

I'm going to document my journey for building a website that will help homeowners reduce their property taxes.

After 16+ years of experience in real estate I realized the increased burdens on homeowners is not occurring when they need to buy or sell a home; it's happening each year, regardless if they're buying or selling. Their biggest burden is the inflated amount of property taxes that millions of homeowners are victims of every single year.

I've personally helped hundreds of homeowners during my time in real estate. The average homeowner's assessed value by the appraisal district was at least $40,000 over-priced, and many were up to $60,000 or $70,000 above what market value actually was for their home.

For example, if a homeowner pays 2.5% in property taxes and their home was assessed at $400,000, that's $10,000 dollars a year in property taxes. Each year, when the appraisal district assigns a new assessed value to the home, on average they're $40,000 too high. That means the homeowner will now be responsible for paying 2.5% on $440,000 dollars ($11,000) which is an increase of $1000.00 over the next year ($440,000 x 2.5% = $11,000).

And that's a conservative, average example. Many homeowners are facing much worse increases than that every single year.

Most local appraisal districts are understaffed, and don't have the time to properly appraise every single home in their county. It's not practical. On top of that, homeowners do not have the data, tools, resources, or the time to research their property every year and put together a successful report.

So, the end result is typically an inflated (unfair) value assessment for homeowners.

Now that I've made a career switch into technology and website development, I'm going to build Tax Corrector; the website homeowners will use to access a Protest Report that gives them the best chance at protesting and having their property taxes reduced.

I don't know how long it will take to have the 1.0 version ready. But I will document the process here.

Here's to helping homeowners lower their property taxes.

Cheers,

Josh