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Updated over 6 years ago on .

Account Closed
  • Madison, WI
34
Votes |
88
Posts

Tax Assessment Decrease - Purchase Price well below Assessment

Account Closed
  • Madison, WI
Posted

Hello BP Team,

I have a property under contract which is assessed at 300k. Two identical properties next door (don't know condition or finishings) are assessed at 235k and 270k. 

My purchase price is 230k, and I'm wondering what the process would be to have it re-evaluated to decrease assessment.

Thanks in advance.