Property Tax Guru's Only

[Jamaal Rogers]

Good evening any and all answers would be appreciated!

I am looking into purchasing a Multi-family for 350,000.00; it will be owner financed. Right now the property taxes are around $1400.00 a year. I would like property taxes to stay at this number. If I buy at a purchase price of $350,000.00 my taxes will increase as well. I believe the county has the home assessed around 100,000.00. What can I do to keep the property taxes the same? Is there a way to record our sales price at 125,000-150,000 and still continue to pay her full asking price?

Thanks