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How to Money

Ask HTM - Perpetual Homeowners Insurance, Deflating Your Taxes, & Paying Less for a Living Trust #829

May 20, 2024
Topics include perpetual homeowners insurance, reducing property taxes, factors to consider in a living trust presentation, and saving money with a health sharing plan. Learn about personal finance tips, credit card tools, and cell phone bill savings. Dive into chapters exploring insurance policies, property tax assessments, legal services for living trusts, and affordable estate planning solutions. Discover the benefits of health sharing plans and financial protection for future planning.
52:38

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Quick takeaways

  • Rethinking perpetual homeowners insurance as a cost-effective option with upfront lump sum payments and potential future financial flexibility.
  • Reducing property tax assessments by evaluating fair property valuations, documenting maintenance issues, and choosing between DIY appeals or professional assistance.

Deep dives

Challenging Property Tax Assessments

When facing an increase in property tax assessments, there are proactive steps to consider. Firstly, evaluating the fair valuation of your property based on comparable sales data can be pivotal in arguing for a lower assessment. Documenting any deferred maintenance or unfavorable aspects of your property, like older fixtures or needed repairs, can help paint a less appealing picture during the appeal process. Additionally, individuals can choose to represent themselves or hire professionals to navigate the appeal process, with tech solutions like Ownwell providing a no fee upfront approach that charges 25% of the savings only upon success.

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