Quote:
Originally Posted by jeebuss31
What I don't understand is that I saw some neighbors that have final sales of $405k and their market value is $270K, which lowers their property taxes. Our lender states the market value is usually a little lower than the final price, but this situation it's a big difference,
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It really depends how property taxes are calculated where you are. Around here, the tax assessed value has nothing at all to do with market value. We bought our home in 1994. The tax assessed value today is the same as it was then, but our taxes have still gone up each year as the tax rate has climbed. We now pay double the property taxes we paid in 1994.
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Steve
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