So You Filed An Abatement Appeal Application… What’s Next?
The New Hampshire deadline for filing an appeal of a municipal property tax abatement application for the 2015 tax year was September 1, 2016. While the initial push to complete the appeal applications before the deadline is over, many of our clients wonder: what’s next?
While the process depends on the venue in which the appeal was filed, and occurs on a somewhat individual basis, the next step after submitting the appeal application properly is typically a confirmation note from the appeal venue that the application was received. From there, applicants can expect to be contacted to begin the actual appeal process, which among other elements, entails a discovery process not unlike a legal proceeding.
Throughout the appeal process, applicants should be prepared to discuss their application in depth with both their municipality and venue officials, and to produce evidence to support their claim for an abatement of their property taxes.
For more information on the property tax abatement appeal process, contact our office today.
Reverse Mortgages: An Introduction
Within the past few decades, reverse mortgages have become a hot topic in the world of real estate and lending. So what is a reverse mortgage?
A “reverse mortgage” is when a borrower, usually an elderly homeowner, uses the equity in her home to take out a loan. Recent years have seen a rise of reverse mortgages among elderly homeowners. The most common form is the FHA’s Home Equity Conversion Mortgage (HECM) program, which allows homeowner’s aged 62 years or older to apply for a reverse mortgage to help fund their retirement, if they meet certain requirements. However, unlike a second mortgage or home equity loan, a borrower in a reverse mortgage does not have to repay the loan as long as the home is the homeowner’s primary residence and the homeowner continues to comply with the other terms of the mortgage.
Reverse mortgages can be useful in certain circumstances, but have very real consequences and effects on the property to which they are attached. We will continue this topic as a series, and explore the consequences of reverse mortgages in next month’s issue. In the meantime, for more information on reverse mortgages, contact our office today.
Alfano Law Office Attorneys to Attend Annual NAPTA Event
As members of the National Association of Property Tax Attorneys, the property tax attorneys at the Alfano Law Office are scheduled to attend the annual NAPTA meeting in Seattle, Washington from September 22-24. During this time, the Alfano Law Office attorneys will have to opportunity to attend and moderate educational seminars, all while connecting with other property tax attorneys from around the country.
Attorneys Alfano and Nolin to Speak at CIBOR Seminar
On October 28, 2016, Alfano Law Office attorneys Paul Alfano and Liz Nolin will be speaking at the CIBOR Seminar on property tax abatements in New Hampshire and surrounding New England states. With more than thirty years of experience, the Alfano Law Office team has recovered millions of dollars in overpaid property taxes for commercial and residential clients. Attorneys Alfano and Nolin will cover basic and advanced tax abatement topics, including a discussion on equalization ratios, the property tax abatement process, and the differences between appeal venues.