Home › Forums › Closed Forums › Buying and Selling RE › Assessed value above purchase price?
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oxfordrick.
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November 16, 2009 at 10:20 PM #16673November 16, 2009 at 10:33 PM #483466
pemeliza
ParticipantSeems early for them to have already reassessed if it closed in October. I don’t think the county is working that fast at the moment. Its possible the bill reflects a previous reassessment. Check with the county.
November 16, 2009 at 10:33 PM #484316ParticipantSeems early for them to have already reassessed if it closed in October. I don’t think the county is working that fast at the moment. Its possible the bill reflects a previous reassessment. Check with the county.
November 16, 2009 at 10:33 PM #483630ParticipantSeems early for them to have already reassessed if it closed in October. I don’t think the county is working that fast at the moment. Its possible the bill reflects a previous reassessment. Check with the county.
November 16, 2009 at 10:33 PM #484088ParticipantSeems early for them to have already reassessed if it closed in October. I don’t think the county is working that fast at the moment. Its possible the bill reflects a previous reassessment. Check with the county.
November 16, 2009 at 10:33 PM #484004ParticipantSeems early for them to have already reassessed if it closed in October. I don’t think the county is working that fast at the moment. Its possible the bill reflects a previous reassessment. Check with the county.
November 16, 2009 at 10:33 PM #483471DataAgent
ParticipantCalifornia tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
November 16, 2009 at 10:33 PM #484321ParticipantCalifornia tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
November 16, 2009 at 10:33 PM #483634ParticipantCalifornia tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
November 16, 2009 at 10:33 PM #484093ParticipantCalifornia tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
November 16, 2009 at 10:33 PM #484009ParticipantCalifornia tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
November 16, 2009 at 10:45 PM #484014urbanrealtor
Participant[quote=DataAgent]California tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf%5B/quote%5D
Thats exactly right.
If you disagree, you will have to take it up directly with them.
Don’t be shy.If it is the case that you bought at market, this means that you will likely be able to successfully contest it.
Good luck.
November 16, 2009 at 10:45 PM #484326Participant[quote=DataAgent]California tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf%5B/quote%5D
Thats exactly right.
If you disagree, you will have to take it up directly with them.
Don’t be shy.If it is the case that you bought at market, this means that you will likely be able to successfully contest it.
Good luck.
November 16, 2009 at 10:45 PM #484098Participant[quote=DataAgent]California tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf%5B/quote%5D
Thats exactly right.
If you disagree, you will have to take it up directly with them.
Don’t be shy.If it is the case that you bought at market, this means that you will likely be able to successfully contest it.
Good luck.
November 16, 2009 at 10:45 PM #483639Participant[quote=DataAgent]California tax law says “properties are reassessed to current market value only upon a change in ownership…”
Purchase price is usually equal to current market value. However, if the state feels you got a “smokin’ deal” they can adjust the value accordingly.
http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf%5B/quote%5D
Thats exactly right.
If you disagree, you will have to take it up directly with them.
Don’t be shy.If it is the case that you bought at market, this means that you will likely be able to successfully contest it.
Good luck.
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