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 | WHAT IT COSTS |
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SERVICE FEE - In order to begin the process of saving you money on your property taxes, My Property Tax Appeal requires a
- Service Fee of only $35.00 that is fully refundable if My Property Tax Appeal determines that your current taxes are reasonable and cannot be reduced;
- An Authorization to Represent the Property Owner form; and,
- A completed My Property Tax Appeal Worksheet that provides us specific information about your property.
There is no risk involved in this service!
CONTINGENCY FEE - My Property Tax Appeal provides this service to you based on a Contingency Fee equal to 30% of Estimated Tax Savings.
You enjoy these tax savings for years to come, but our fee is based on the year one savings. By performing this service based upon a contingency, it motivates us to save you as much as possible on your taxes.
Your Contingency Fee is calculated by subtracting your final assessment from initial assessment and multiplying the difference by the previous years total tax rate.
Here is an example calculation from an actual property in Cherokee County ...
- Current Property Tax Valuation of $249,100
- My Property Tax Appeal obtains a revaluation or $201,500
- Reduction in Tax Valuation is $47,600
- Property is Assessed at 40% of Tax Value
- Assessment reduction of $19,040 ($47,600 x 40%)
- By example, the current Cherokee County millage rate is 0.026803
- $19,040 Assessment reduction x Millage rate of 0.026803 = Year one Tax Savings of $510.33
- Contingency Fee is $153.10 ($510.33 x 30%)
- Total Fee amount due is $118.10 ($153.10 - $35)
In this actual case, My Property Tax Appeal saved our client $510 on their tax bill ... and the savings will continue for three years!!!
PAYMENT - Payments for services are due in full within 30 days of receipt of My Property Tax Appeal invoice or statement that is delivered to you via email in April.
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