STOP Overpaying the Government! Fight Your Property Tax Bill NOW (95% of People Fail This)

Property Tax Assessment and Appeals [0:00]

• It is a straightforward way to save money on property taxes, and it's very easy to do.
• The service helps dispute tax assessments and reduce property taxes, as properties are likely overassessed.
• A new assessment is issued every year for properties.
• Corporations, wealthy individuals, and people with attorneys or tax consultants always check and fight their tax assessments.
• There's an opportunity to argue that the property is not worth the assessed value.
• Reducing the assessment directly reduces the tax bill.
• 95% of people do nothing about their tax bills, but between 55% and 60% have an opportunity to save money.
• The service targets individuals who are likely to save money, with over 86% of their customers saving money.
• The marketing strategy involves identifying overassessed properties and reaching out to those customers.
• If you see their marketing material, you can probably save money.
• Between 50% and 60% of assessments are potentially overassessed and worthy of an appeal.

"It is my pleasure to bring you a show on a topic that is of great importance to you because it's an easy way to save money on property taxes. In fact, it's very, very easy."

Property Types and Jurisdictional Differences [3:02]

• The service works with industrial warehouses, large apartment complexes, and farmland, but has largely focused on consumers who mostly own homes.
• There are approximately 140 million homes in the U.S.
• Whether a property is likely to be overassessed depends heavily on the jurisdiction.
• Major geographies for the service include Texas, Georgia, Long Island, New York, Chicago, and California.
• In Texas, the majority of cases are appealed; in Georgia, it's 50% to 60%.
• Different areas have more aggressive tax assessors.
• In certain geographies, assessors are not allowed to know sales prices, which prevents bias.
• New properties are often underassessed initially because the assessor doesn't know the purchase price.
• It's important to check if the assessment is aligned with online estimates and to consider if you would sell the home for that price.
• Neighborhood diversity can present opportunities; a mix of very old and brand-new homes makes comparison harder and can lead to overassessment.
• In conforming, track-oriented areas, assessments are likely more accurate because there are more data points.
• In non-conforming areas, like a brand-new $20 million home next to an unrenovated 1970s house, there's often more opportunity to save money.

"Everything in this business and in property taxes really depends on jurisdiction."

The Tax Assessment vs. Property Value Distinction [6:06]

• When financing or selling a property, owners want it to appear as valuable as possible.
• However, for tax assessments, owners want the property to appear less valuable.
• The tax assessment has no connection to the actual sale price of a home; it's what your tax bill is based on.
• In established neighborhoods with a mix of remodeled and original homes, the system looks for ways to influence the tax assessor for a lower price.
• Depending on the geography, different aspects of the tax code can be used, such as the "uniform and equal" case.
• This means that the tax assessment for an identical home should be the same as for another home of the exact same value in the same jurisdiction.
• If a neighbor's tax assessment is significantly different from yours on a price-per-square-foot basis, that's an argument.
• Arguments can be made based on replacement cost, fair and equal tax assessments, sales in the market, and potential income generation (cap rates).
• The service uses different valuation methodologies to find the most creative and admissible approach.
• When customers sign up, they complete a survey about property defects like damaged roofs, cracked foundations, or pools needing repair, which can be used to justify a reduction.

"We're your tax opponent. So, you actually do want it as low as possible."

Service Process, Cost, and Savings [8:18]

• The average cost savings for customers is a little over $1,100 per year.
• For investors with multiple properties, this savings is significant.
• There is no cost to try the service.
• The service operates entirely on a contingency fee: 25% of the money saved.
• Some clients with thousands of properties are saving millions of dollars annually.
• Signing up takes only a couple of minutes on the website.
• A rough estimate is provided initially, but the service then dives deeper into the facts.
• After signing and authorizing the service to act as a property tax agent, the user is done, and the service gets to work.
• Additional information like recent appraisals, damage, or insurance claims can be helpful.
• The service uses a lot of information, including crime statistics, permits, and what neighbors are paying for insurance, to gain an edge in property tax appeals.
• Projections for future property tax bills are also provided.
• If no savings are found, the service will let the customer know.
• The review process involves algorithms and human review to ensure an appeal is warranted.
• If a property is fairly assessed, the customer can feel confident paying their tax bill.
• The service will repeat this process annually for free.
• If money is saved, say $1,000 a year, the cost is $250.
• The time to determine savings varies by geography and signup date, but the process is generally quick.

"And so, we really want to get as much information from our clients to understand like and include in our evidence packet to go and get a reduction."

Geographic Timelines and Offer Details [11:33]

• The timeline for determining potential savings depends on geography and the specific deadline for appeals.
• Deadlines mentioned include August/September for Florida, April/May for Texas, January/February for New York, and November/September for different parts of California.
• Appeals in some jurisdictions can take 4 to 5 months, and in California, up to 12 months.
• Customers will be kept updated on the appeal process.
• There is a special offer at jasonheartman.com/propertytax.
• The service is available across 10 different states, and they are building waitlists for new geographies.
• Main geographies include Washington State, Texas, California, Georgia, Florida, Illinois, New York, Michigan, Pennsylvania, and Colorado.
• The service can be used for personal residences as well as rental properties.
• There is no downside, as it costs nothing if no money is saved and requires very little time.

"Costs nothing if we don't save you any money. So, no downside. Costs nothing in terms of money and time. It's very little time. You can do this very, very quickly."