How to reduce the tax?

[Tracey Williams]

I will be closing on my first property soon, I am so excited I can hardly wait for closing to come. I have been reading & studing real estate for 2yrs and finally took a step of faith this year.
Yesterday was inspection and everything went well.

The property is valued for 148k on the auditor's site and the tax for 2010 is $2980. Am in contract for 54k and the budget for repair is 12k.

My question is what do I need to do to get the tax reduce to the value that am paying for it, so that over $200 will not be going to tax from my rent.

Secondly, we are closing by the end of this month can I still get the tax adjustment done to reflect in the tax for 2011

Thanks