Seller financing and who pays RE taxes
When seller financing a deal, and you register with the clerk that some amount of ownership has traded, are RE taxes on the property going up?
In my state, property taxes are adjusted at sale to effectively be the price that someone has paid for the property.
Does a seller finance deal trigger this change in tax?
I'm looking at a deal that's been owned long term and the taxes are low. A sale at their price would double the taxes.