Profile picture for wkgator01

when home shopping the taxes can make a big difference.why are some as high as 10% of asking price?

  • January 10 2010 - Glenwood
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

Profile picture for jstasio
Sometimes the tax assessor has not "re-assessed" the property and that can leave the property taxes higher than they should be. Also, until a property is sold, the taxes will remain higher, based on the last purchase price, that is, unless the homeowner has requested a reassessment.
  • March 16 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

In some cases prices on some foreclosures have come down so low that the asking and tax numbers are getting closer together. Taxes sometimes do not have the exemptions on them, whether it be homeowners, seniors or others, so the taxes are higher than what many homeowners pay. It is also possible that the taxes should be readjusted and no one has done that yet. I just got mine reduced. I also find a lot of people can get a refund of their overpayment, because they did not get a certain exemption that they could have.  
  • January 11 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.