Answers (3)
- Linda Rozales, "Lrozales"
- Contributions:264
It looks like your property tax is based on the lower value. The assessed value is where your tax is based on. The property tax when you first buy your home is based on your purchase price less your homestead exemption, if you applied for it. Your assessed value goes up every year by 2%. If your assessed value is higher than the current market value, you can request for a re-assessment of your property value to bring down your property tax.
- Mya Berlyant - Cash Only, "myaisellatl"
- Contributions:318
Check out the comp sales in your neighborhood for properties with similar sq ft, bed and bath count and other amenities. If it's lower than $132,347 - you should sumbit an appeal to lower your taxes.
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:413
L.A. County Tax Assessor has a great video that has some info that might help you. Also check with their regular web site. Good luck.
How do I know if I`am paying too much in property taxes?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.