Dallas, Texas, a property with Weird Tax History

[Helen Zhang]

Hello BP community,

I am in the process of purchasing a property in Dallas Texas, and it is a REO property.

I am cleared with title insurance and received title commitment. However, when I looked up the tax history on this property, it worries me a little bit. 

Receipt Date	Payment Amount	Tax Year Paid	Payer
2015-12-28	$7.79	2015	WELLS FARGO REAL ESTATE TAX SVC, LLC
2014-12-19	$1.47	2014	WELLS FARGO REAL ESTATE TAX SVC, LLC
2012-12-21	$1.17	2012	WELLS FARGO REAL ESTATE TAX SVC, LLC
2011-12-24	$1,323.99	2011	WELLS FARGO REAL ESTATE TAX SVC, LLC
2010-12-30	$1,300.41	2010	WELLS FARGO REAL ESTATE TAX SVC, LLC
2009-12-22	$1,566.03	2009	WELLS FARGO REAL ESTATE TAX SVC, LLC

So how is it possible that wells fargo is only paying 1.17 cents on the property since 2015? Does anyone have an explanation for this?

Thanks,

Helen Z

[Greg H.]

@Marco G.

Not necessarily in Texas. Since we are a non disclosure state sales prices are not a matter of public record so the appraisal district may not have any information other than a sale took place. Many send out Sales Surveys that I will only return if it is advantageous to me

If the property's assessed value is higher than my purchase price , I will file a protest