GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Some surprises are more fun than others.
What do you do?
Fortunately, GOBankingRates talked to some experts abouthow to handle a sudden tax bill.
Instead of running and hiding, you should run right to a tax advisor or other professional.
The key is to remain calm and take action.
He searches for overlooked deductions and incorrectly reported income that can be amended.
Getting an expert opinion can be especially helpful when it comes to dealing withproperty tax bills.
Fritch said that property tax bills often stem from reassessments, which are not always fair.
I have successfully appealed property tax assessments that were over market value, saving clients thousands, he added.
Often, these agencies are willing and able to offer some assistance.
Explain your situation and inquire about the options available to you.
People who owe property taxes might similarly consider applying for tax relief programs.
Katz added that many local governments also offer relief or exemption programs for seniors, veterans and low-income homeowners.
These programs can reduce the tax amount owed or provide more time to pay, he said.
More From GOBankingRates
Share This Article:
