Answers (3)
- Memphis Owners12
- Contributions:167
I would advise pursuing this. The title company you're using will be able to uncover any issues with title (liens, permits, etc) so that you shouldn't have any surprises.
The current market value is considered to be the sales price, since that indicates how much someone is willing to pay for the home and how much someone is willing to sell it for. That goes a long way in fighting the current tax assessment, regardless of what your county's tax assessor's procedures are.
Be aware that there are time limits as to how long you have to pursue this. Your title company will have the information for your county.
The current market value is considered to be the sales price, since that indicates how much someone is willing to pay for the home and how much someone is willing to sell it for. That goes a long way in fighting the current tax assessment, regardless of what your county's tax assessor's procedures are.
Be aware that there are time limits as to how long you have to pursue this. Your title company will have the information for your county.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Don't know about your states property tax laws. But, if similar to CA your tax base will be adjusted to your sales amount. I would take a wait and see attitude.
- agentblu15
- Contributions:353
the only potential negatives (other than your time and effort) would be:
1) the county re-assessment ends up coming in higher than it is currently, thus raising your taxes
2) While "researching" your property for the re-assessment, the county could find other "issues", such as improper permits, etc., that they could then decide to make an issue of.
Other than that, you have nothing to lose.
1) the county re-assessment ends up coming in higher than it is currently, thus raising your taxes
2) While "researching" your property for the re-assessment, the county could find other "issues", such as improper permits, etc., that they could then decide to make an issue of.
Other than that, you have nothing to lose.
What are the cons of fighting a tax appraisal amount?
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