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Should the listed price of a piece of property be the same as the tax value?

  • September 25 2012 - Simpsonville
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Answers (6)

Not in San Antonio Texas! It all depends on what the neighborhood is doing.
  • September 29 2012
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Profile picture for Cindy Quinton
And, always keep in mind that anyone can ask any crazy amount they wish to ask for their property....
  • September 25 2012
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Usually not. Many factors account for the taxable value including past sale amounts. In Florida a homestead exemption limits the amount the taxable value can be increased, artificially making it lower to help homeowners afford their tax bill. Consider a beachfront home purchased in 1971 for $250,000 might show a taxable value of over $800,000 today with a market value of $2,500,000!
  • September 25 2012
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What if the property is an unimproved wooded lot of 2 acres.
  • September 25 2012
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Profile picture for AmandaMack1
NO! The tax value has nothing to do with what the market value of the home.  If you are looking to purchase a home you should have a Realtor help you with transaction so that they will be able to run the numbers and make sure the price is right on the home.  If you are looking to sell your home you should get in touch with at lease 2-3 Realtors to get a Market Analysis of your home.
  • September 25 2012
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Not always. There are several factors. Although I am not a tax advisor nor a home appraiser it is my understanding that the last time a home was sold is usually what the tax value is based on. When improvements have been made to a home such as a porch and what not, they should be reported to the tax accessors office for reaccessment which would traditionally make the tax value go up.
  • September 25 2012
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