I inhereited a home in Texas from my parents about 7 years ago. I have been putting as much $ as I can afford to keep it up and to pay the taxes. I don't know much about real estate, so can someone please help.The house is in Texas and I live in Illinois.I can't afford to travel to Tx. and do this myself. The house is vacant on 1 acre. The house needs work.The real estate taxes are too high for me ,especially since the house is run down.Who do I contact and how do I try to get the taxes lowered ?
Rent it out, if it is vacant, and you want to have the property and the home making money. Just sitting there not being used at all, your real estate taxes will eventually drop when it is basically in bad condition. If the house is in the Houston area, I may be interested in renting it myself if you decide to rent it.
Contact the local tax assessors office and ask for the forms to challenge your assessment. Usually this is only available when the annual assessment notices are sent out. In Florida it's September. Keep in mind the tax assessor's value is of a specific date, usually January 1st of each year. You will have to provide them with a list of comparable properties that have a lower assessment. You might also ask when the last assessment was done. It may have been more than a year and the market has changed drastically since the last assessment. Good luck. realtor.sailor
It is determined by plenty of matters. If any person dies, it is determined by whether or not they left a will or now not. Even that may get difficult. If it was once simply a practical will, in which the deceased mentioned all their resources are left to a particular character, the desire should be probated by way of the court docket. A method to preclude that is to set up a believe even as the character remains to be alive after which the distribution of resources will also be treated by way of the legal professional who helped identify the believe and intervention by way of the court docket isn't quintessential. If there's no will, a practical will or a believe, you'll have got to paintings with an property legal professional, both the one that mounted the desire or believe, or one you rent for your possess. What occurs subsequent is determined by the quantity of understanding you'll acquire insofar because the resources left in the back of. It is determined by whether or not the deceased had coverage that could repay any last loan on the time in their loss of life. If now not, and the surviving inheritors can not or do not desire to make repayments at the apartment, you will have almost inherited their debt. You can promote the apartment, however best in the end the resources had been probated and an executor of the property has been appointed by way of the court docket. This is some thing you fairly must speak approximately together with your mom and dad. What they've in position insofar as residing wills, trusts, powers of legal professional must be shared understanding with the character they've decided on to bring out their needs.
If you can not afford to pay the taxes on the property and you know little about real estate and the fact that the property is vacant, and is in need of work place you in a very difficult situation. Most seasoned real estate investors have difficult times in maintaining a distant real estate rental. Perhaps you should consider selling the property to a real estate investor. These type individuals will take the property as is. They would then fix the property up for sale. You would have to find some way of advertising this sale,normally the local newspaper would be the ideal place to do this. You could hire a real estate agent to sell the property. This person would want a commission for their services. The commission is a negotiated between the seller and the real estate agent. Some agents will tell you that their commission is written in stone and might refuse to negotiate with you. These inflexible type might not be the one you would want to hire for the sale of your property. If you are able to sell the property, your back real estate taxes would come out of the sale proceeds you would receive from the sale of the property. I would suggest you finance the money for the sale, but your limited knowledge of real estate would require you to take a crash course on real estate financing. Therefore you would need to hire a professional in this situation. I hope this has been of some benefit to you, good luck. FIGHT ON
There's no guarantee that property taxes can be lowered just because you'd like it. You can contact the applicable county tax assessor to find out about requesting a reassessment. If you can't afford the property, sell it.
