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Updated almost 3 years ago on . Most recent reply
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Super High Property Taxes. Sale May Raise Assessment
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
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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.