Subject To - Property Taxes Reassessed?

[Joe Mazur]

Hi Everyone,

When doing a subject-to deal, do the taxes get reassessed to the assessed value?

A coworker contacted me and she wants to sell her house and is relocating due to job change. She wants to use the proceeds to put down on the new property so needs to sell quick. I was going to give her an option for a cash offer that will probably be a bit too low for her but also an option for a subject-to the current mortgage, and then rent the property out. The taxable value is much lower than the assessed value and was wondering if doing a subject-to will force the taxes up to the assessed value. If so, this would add an extra $2500 per year in expenses. I'm sure this question was posed before, but I couldn't find it anywhere. Any help is much appreciated.