Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
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?