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Updated almost 3 years ago on . Most recent reply

User Stats

56
Posts
18
Votes
Sam Epperson
  • Real Estate Agent
  • Bloomington, IN
18
Votes |
56
Posts

Seller financing and who pays RE taxes

Sam Epperson
  • Real Estate Agent
  • Bloomington, IN
Posted

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.

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