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

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January 10 2010 - Glenwood
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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.
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March 16 2011
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.  
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January 11 2010
 
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when home shopping the taxes can make a big difference.why are some as high as 10% of asking price?
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March 16 2011 | 2 answers
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