[quote=CBad]Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.[/quote]
If you’re looking at newer homes (say 2005 and newer) it’s really easy to check/tell.
– Bought during the bubble, so taxes high
– ask for reassessment to bring taxes down
– try to sell for bubble prices.
You can look at the downtown condos, much of 4S ranch, etc for examples that fit this scenario…
It all comes down to delusional list prices. Sellers can *ask* for any price they want… getting it is another thing.
