Quote:
Originally Posted by disneysteve
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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I will second this- our property is taxed at a rate of around 300k, our appraised value last summer was 372k.
Do not base decision on tax appraisal value, other than can you afford the taxes on that appraisal value.
I would care more what the BANK appraised the house for, not the tax collector. The bank number influences interest rates, PMI and other factors which cost you money every month.