Cheltenham PA, has some of the most over assessed property values within Montgomery County PA. Due to this over assessment, many homeowners are paying more than their fair share of real estate taxes. This over taxation causes your homes’ marketability to suffer when you go to sell your home. Also, you receive no additional benefit by paying too much in real estate taxes.
I offer a free service to see if you qualify for a possible real estate tax reduction. Please enter your information for my free evaluation.
In my many years of helping homeowners reduce their property tax burdens, I have developed a systemic and efficient approach to helping my clients. My office can quickly analyze all relevant factors to determine if you are overpaying in real estate taxes. This is why I can offer a free evaluation and promptly give you the answers you need.
In Cheltenham, property taxes are very high compared to nearby towns, mostly due to market factors and elevated and steadily increasing school tax rates. This often results in taxes that do not correspond with the market values of homes. Thus, many homeowners are paying more than they should, and sometimes have difficulty when they try to sell their homes.
The amount you pay depends on your assessment. An assessment is not the same as the markets value of your home. The relationship or “ratio” between assessed value and market value is different for each county in Pennsylvania. The ratio is determined by a state board and revised by that board every year based on property sales data. When that ratio is applied for an individual property, it often turns out that the current assessment of that property is not in line with the ratio. This can result in the property owner paying too much every year in real estate taxes, often by thousands of dollars. Homeowners should keep in mind that ignoring this situation is the same as burning money in your fireplace and watching your money go up the chimney.
The Pennsylvania Constitution requires uniformity in real estate taxation. This means every property owner has the right to seek a reduced assessment in line with current value, so as to produce fairness and “uniformity” in property assessments.
To take advantage of your right to uniformity, you first need an individual analysis of your property. This is a free service I offer to all homeowners. Simply fill in the information above to get your free evaluation. It’s that simple!
You could soon be on the path to big savings on your real estate taxes.