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How modify the taxes for a property bought in foreclosure?

Profile picture for kaymorf
Contributions: 3
Does any body know what is the process to modify the taxes for a property bought in foreclosure? This is the situation if i bought a property in foreclosure for 200k but the owner paid  in 2008 taxes for 9000 how can i adjust the taxes base in the new market value?
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June 24 - Central Downtown
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Profile picture for sunnyview
Contributions: 10574
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Since January 2009

You need to call your local assessor to see what the process to appeal your taxes is. Do it today. Most municipalities have a deadline that you must file the appeal by or you have to wait for the next appeal period and pay the higher tax amount for the year. You will need you appraisal from your purchase and possibly another CMA or appraisal when you go to appeal to prove your case that your house should be assessed lower. If you are prepared, you can win, but you need your comps and appraisals ready to go. Call the assessor in your area and find out what the appeal process is.
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June 24
Profile picture for Pat Bourgo
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Since June 2009

call the assesor and the will get you going in the right direction.
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June 24
 

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