Property tax appeals are successful based on an adjustment of the tax assessed value of the property in question. Whether this property is a commercial property or a homeowner’s homesteaded house, there is a basis for an adjustment of its value based on the condition of the property and other pertinent factors.

Real estate investors traditionally have bought distressed properties, fixed them and resold them at full market value. This process has revitalized many neighborhoods and created wealth for everyone involved including all the neighbors. These investors take the risk of losing money from a declining real estate market, having holding costs and rehabbing costs exceed their expectation, and being unable to find a buyer at their break-even cost. Read the rest of this entry