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Updated over 11 years ago,

User Stats

572
Posts
184
Votes
Kevin Polite
Pro Member
  • Investor
  • Decatur Atlanta, GA
184
Votes |
572
Posts

Property Taxes when your refinance and pull out cash

Kevin Polite
Pro Member
  • Investor
  • Decatur Atlanta, GA
Posted

Would the County know our property is a 4/2 and not a 2/1 as is recorded

We have a buy and hold that we'd like to pull out cash from. When we purchased it was on the tax books as a 2/1, however, the previous owner had expanded it to a 4/2. We only did clean up work, painting, etc. so we didn't have to pull any permits so we are still being taxed as if it's a 2/1. If we pull out cash will the county now record that it's a 4/2 and our taxes would go up?

  • Kevin Polite
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