How to Lower Your Property Taxes
Property taxes provide funds for schools, roads, and many other important aspects of our community. However, that doesn’t mean you should be paying more than you have to. If you’re a veteran, disabled, over 65, or under certain income thresholds, you may qualify for a property tax exemption. Here are some other ways to lower your taxes.
Your primary residence may qualify for a homestead exemption, which will lower your home’s assessed value for tax purposes. This will reduce how much you owe in property taxes.
If your property value seems higher than it should be on your property tax assessment, you can file an appeal. If you’re successful, your property will be adjusted to a lower level and how much you owe will be adjusted accordingly. However, this method could backfire if your home is found to be worth more than originally estimated.
Renovations & Energy Incentives
If you have an older home or historic home, you may qualify for tax breaks for repairs or improvements. This is based on a home-by-home basis and you may need to submit an application before your work begins. You can also look at improvements that make your home more energy efficient.; such improvements may qualify for tax breaks.
|Upgrades for Your Multigenerational Home|
Multi-generational homes are a great option for many families. If you’re looking for ways to accommodate the needs of multiple generations, consider adding some of these features to make your home more accessible and navigable.
Walk-in Tub or ShowerFalling down when entering or exiting a tub can be a big concern for some people. Installing a walk-in tub or shower can help prevent injury.
HandrailsIf your home has any stairs (even just one or two high) that don’t have handrails, consider adding some. This upgrade won’t break the bank and can protect those you love when going up and down the stairs. Handrails can also help getting in and out of the shower or toilet.
Non-SlipThere are a lot of places in your home that could be tripping or slipping hazards. Make sure you don’t have cords on the ground and make sure your rugs don’t interfere if someone in your home uses a walker. You can also make the shower and stairs safer by adding non-slip strips.Some homes also require more extensive upgrades, such as widening the doors or hallways. If you or someone you know is looking for a house that is already well-suited for a multigenerational home, let me know! I can help find a home that will meet all of your needs.