Attention property owners: Now is the time to challenge your Lucas County Toledo Ohio property taxes.
Homeowners in Lucas County Ohio now is the time to challenge your property tax valuation. A dispute form for the current year can be submitted to the Lucas County Auditor's from now until no later than April 2, 2012.
The current market has dictated lower values for many properties than those that are reflected on your latest tax bill.
You have the opportunity to challenge the value of your Lucas County real estate at this time. The process is easy and the form(s) are available online at http://www.co.lucas.oh.us/index.aspx?nid=369. You must provide a valid reason for your dispute siting recent sales of comparable properties or providing a professional appraisal or a copy of your HUD1 settlement statement from a purchase made in the last year.
Property tax valuations are not necessarily a market value of your property, although that is the goal of the Auditor's office to stay as current as possible. You may be being over taxed however, if your property is appraised at a higher value than its current market value.
Seller's please do not be confused by the fact that by lowering your tax valuation with the county that you will be lowering the market value. If you are being taxed on a higher than market value it does not mean that is what you should expect to get when selling the property. Bottom line is that the market dictates the value of your property so why pay taxes on a higher valuation. By adjusting your county tax valuation to be in line with the market, you may well be attracting additional buyers, due to having a more attractive tax bill than a property that is not in line with the market.
Should you have questions regarding the current market value of your property, I would be happy to provide you with a FREE market analysis.
Lovely well maintained, Sylvania neighborhood, with mature trees is the setting for this easy maintenance exterior brick and sided, 2 story, 4 bedroom home. Hardwood entry with guest closet. Formal living room and dining room have newer neutral carpet. Convenient main floor half bath. The open floor plan of kitchen and family room assures that the cook will never feel isolated from family activities. Kitchen boasts beautiful cabinets complimented by hardwood floor with ample counter space and triple pantry. Inviting family room will surely be the gathering place with the woodburning fireplace, built in cabinets, dual skylights and snack bar/computer desk. Large 3 seasons porch adds natural light to the family room as well as a place for entertaining with access to huge 23 x 22 patio. Master bedroom includes on suite bath. Finished basement provides additional living space, storage shelves and closets. Stay out of the weather with automatic garage door opener on attached 2 car garage. All appliances included saving you out of pocket expense. Home warranty provided. Nicely landscaped fenced yard with above ground pool and utility shed. Sump pump complete with battery backup. Put this one on your must see list. Call Connie Johns at 419-349-4948 to schedule your private showing.
Unique URL: http://conniejohns.com/listing/124672087
The Neighborhood Stabilization Program also known as NSP or Dream To Own is a program that assists qualifying homebuyers with a grant of up to 20%, of the property purchase price , for down payment and closing costs. This is a federally funded program that is designed to renovate properties that may be considered blight or in particularly hard hit foreclosure areas in Toledo, Ohio.
The properties are renovated to move in condition sporting the likes of new updated kitchens, baths, carpet, ceramic tile, interior paint, new heating systems, hot water tanks, exterior siding, roofs, etc. There are homes available in several areas of Toledo.
If you would like more information regarding the qualifications for participation in this program and other downpayment assistance programs, please contact me at 419-349-4948.
Homeowners in Lucas County Ohio now is the time to challenge your property tax valuation. A dispute form for the current year can be submitted to the Lucas County Auditor's from now until no later than March 31, 2011.
The current market has dictated lower values for many properties than those that are reflected on your latest tax bill.
You have the opportunity to challenge that value at this time. The process is easy and the form(s) are available online at http://www.co.lucas.oh.us/index.aspx?NID=369. You must provide a valid reason for your dispute siting recent sales of comparable properties or providing a professional appraisal or a copy of your H.U.D1 settlement statement from a purchase made in the last year.
Property tax valuations are not necessarily a market value of your property, although that is the goal of the Auditor's office to stay as current as possible. You may being over taxed however if your property is appraised at a higher value than its current market value.
Seller's please do not be confused by the fact that by lowering your tax valuation with the county that you will be lowering the market value. If you are being taxed on a higher than market value it does not mean that is what you should expect to get when selling the property. Bottom line is that the market dictates the value of your property so why pay taxes on a higher valuation. By adjusting your county tax valuation to be in line with the market, you may well be attracting additional buyers, due to having a more attractive tax bill than a property that is not in line with the market.
Should you have questions regarding the current market value of your property, I would be happy to provide you with a FREE market analysis.
Visit my website at www.ConnieJohns.com for additional real estate news you can use.
If you have ever applied for a mortgage or even wanted to apply for a mortgage and feel that you are not credit worthy perhaps the following information will help you. It has been recently reported that employers are now looking at credit reports of prospective employees, assessing responsible financial behavior. A bad credit score could be costing you a job! Your auto insurance rates are directly attached to your credit score, costing you money!
As a REALTOR, specializing in assisting first time home buyers, I run into a lot of folks who would like to buy a home but suffer from bad credit. Do not despair, you can repair your credit. Surprisingly I have witnessed several people that have repaired their credit to the point of being able to get a mortgage in as little as 6 months, assisted them in finding financing and got them into a home of their own, many times for less than the cost of their current rent.
•1) DO NOT START OUT BY CLOSING ACTIVE ACCOUNTS!
Contrary to popular belief closing out accounts can lower your credit score. I know it sounds crazy but what you are doing in reality is deleting payment history that may be beneficial to your cause.
•2) GET A COPY OF YOUR CREDIT REPORT.
You have to know what needs repaired or addressed before you can begin repairing your credit.There are 3 major credit reporting agencies. They are Experian, TransUnion and Equifax. Not all creditors report to all 3 agencies, so while they may be similar, that are not necessarily the same, so you will need to get a copy of your report from each of the 3 reporting agencies. A mortgage lender looks at all 3 scores and uses the middle score. All consumers are able to a free copy of their credit report once a year. I would suggest contacting the reporting agencies direct for your free report. Internet offers for a free credit report many times come with strings.
•3) GO OVER YOUR REPORT TO IDENTIFY PROBLEM AREAS.
The credit reporting agencies do not verify information provided by your creditors. First look for errors on the report, such as mistaken identities (there are a lot of John Smith's in the world), typing errors, address changes, employment changes, incorrect payments, balances, accounts not known to you, etc. Go over the report with a fine tooth comb. The report comes with a legend to read the codes. Make a list of all the entries you are disputing and why. Keep in mind that a bad report costs you not only the ability to get a loan or credit, but typically increases the interest rate that you will be charged for a lower score. The bottom line is that a bad report costs you money!
•4) CLEAN UP YOUR REPORT (NOW THE FUN STARTS)
Write a letter to each reporting agency, disputing the errors and negative accounts in detail, attach a copy of the credit report with the error highlighted. Expired accounts may be adding a negative spin to your credit report. As a guideline, late payments, charge offs and closed accounts with derogatory remarks can be removed after 7 years. Accounts sent to collection may also be removed after 7 years depending upon when the last missed payment was or it was paid off. Judgements can be deleted 7 years from filing date. Bankruptcies can be removed after 10 years from the date it was discharged. Having an account marked "paid collection" or "settled" has a derogatory connotation to it. Get it removed as quickly as possible. Remember to keep a copy of all your correspondence with the credit reporting agencies. Cleaning up errors and old negative history can have a real positive impact on your credit score in a short amount of time.
•5) MAKE A PLAN TO PAY OFF YOUR CREDIT CARDS, LOANS, ETC.
Now that you have set the wheels in motion for improving your credit report, it is important to work out a budget plan to pay off your debt. Many would think to pay off the highest balance first but that may not be the best plan. Your ability to get a mortgage is directly affected by the ratio of the debt you owe. Simply put, if you have a credit limit of $5,000 and owe more than 30% of that credit line ($1500.00 or more) it affects your credit worthiness. Make a plan to pay all your credit cards down below 50% of their credit limit and then begin concentrating on paying off the highest interest card next, then on to the next highest interest card, and so on. Making minimum payments costs your tons of money. The big screen TV that you bought on credit, making minimum payments each month is going to most likely cost you near double when you pay it off. Talk about throwing money out the window! Where was the savings on that great sale price? While paying down car loans, student loans etc. can have a positive impact on your credit score, typically paying down credit cards (known as revolving charge accounts) boosts your score quicker. Keep in mind that other loan payments must be made on time.
•6) MAKE ON TIME PAYMENTS
Easily understood. You have taken the steps to clean up your credit report, now keep it going with positive input of on time payments.
•7) CURB YOUR SPENDING
I know we live in an instant gratification world but all good things come with a price. Think about your purchases on credit and what they will cost you in the long run.
•8) LEARN TO PAY YOURSELF
I know it is going to be tough to start, but START! Start slow if you have to, $5.00 per week (one less meal at McDonalds) and watch your savings grow. Make a game out of it, see how much you can save in 90 days. You will pleasantly surprise yourself.
•9) THOSE OF YOU THAT PAY CASH FOR EVERYTHING
Congratulations for living within your means! Bad news is that you are not credit worthy because you have no credit history! Get a credit card, use it and pay it off when the statement comes. In today's world of online banking, you can even pay it online.
For contact information on the 3 credit reporting agencies go to:
If you are considering buying a house in the Toledo, Ohio area, I would be pleased to speak to you about the benefits of home ownership and help you with finding financing to make that dream a reality. Call or email me today to get started.
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Dedicated to educating my clients to make informed, sound decisions. Diligent, professional & enthusiastic. Delivering incomparable service. You deserve the best representation. My aim...to provide it
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