Property Tax and Sale

[Carlos C.]

Hi everyone!

I have a question about Property Taxes and the moment I purchase something.

I see for example a property selling for 200,000, but the Property Tax paid the previous years were done based on a Tax Assessment of 90,000

Let's say this was a nice deal and I buy it for 200,000. Will the new Property tax assessment change and now be based on a Tax assessment of 200,000?