Yes. I have heard of this. If – Piggington's Econo-Almanac

July 31, 2009 at 4:25 PM #440432

Participant

Yes.

I have heard of this.

If the assessor thinks you got it below market they will base value on “market”.

It happens.

Also, they tend to keep pretty close tabs on the market (eg: my recent tax reduction which I did not solicit).

However prop 13 generally keeps them from charging the full market based tax amount.