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Updated almost 3 years ago on . Most recent reply

User Stats

578
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268
Votes
William Coet
  • Lititz, PA
268
Votes |
578
Posts

Super High Property Taxes. Sale May Raise Assessment

William Coet
  • Lititz, PA
Posted

If a property is assessed for much lower than it sells for, the assessor can raise the assessment to the sale price.  This would make the property tax expense too high to cover other expenses (mortgage, insurance, maintenance, long term maintenance).

Is there any way to avoid such a massive property tax hit?

Most Popular Reply

User Stats

113
Posts
102
Votes
Gene Livingston
  • Investor
  • Kyle, TX
102
Votes |
113
Posts
Gene Livingston
  • Investor
  • Kyle, TX
Replied

If You live in a non-disclosure state, there may be way....only buy an off-market property, don't use an agent, and consider some form of private money loan for this transaction.

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