Thanks to HM for posting this! We had no idea, but this makes sense…as the county assessor gets bombarded with requests to reassess a property that is now worth less…it will take them time to reassess even recently purchased properties. Something to consider while shopping, in fact I already checked out one listing that we looked at and looks like the county had assessed it in ’06 as being worth over $850K, which meant the current taxes were between 8k and 10K a month….this the new owner will take over until a request for reassessment is made….definitely not peanuts to add to your monthly homeownership costs!
