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February 19, 2008 at 4:14 PM #156163February 19, 2008 at 8:53 PM #155960
robyns_song
ParticipantFMV=Fair Market Value. That’s the value that the property was appraised at (if the property was assessed at $691K when it was purchased at $500K, you pay the taxes on $691K). Sdr, correct me if I’m wrong.
On a different note, this will be interesting to see what happens to the city/state once they won’t be getting as much taxes due to decreased property values. We’re already facing budget cuts.
February 19, 2008 at 8:53 PM #156241ParticipantFMV=Fair Market Value. That’s the value that the property was appraised at (if the property was assessed at $691K when it was purchased at $500K, you pay the taxes on $691K). Sdr, correct me if I’m wrong.
On a different note, this will be interesting to see what happens to the city/state once they won’t be getting as much taxes due to decreased property values. We’re already facing budget cuts.
February 19, 2008 at 8:53 PM #156246ParticipantFMV=Fair Market Value. That’s the value that the property was appraised at (if the property was assessed at $691K when it was purchased at $500K, you pay the taxes on $691K). Sdr, correct me if I’m wrong.
On a different note, this will be interesting to see what happens to the city/state once they won’t be getting as much taxes due to decreased property values. We’re already facing budget cuts.
February 19, 2008 at 8:53 PM #156264ParticipantFMV=Fair Market Value. That’s the value that the property was appraised at (if the property was assessed at $691K when it was purchased at $500K, you pay the taxes on $691K). Sdr, correct me if I’m wrong.
On a different note, this will be interesting to see what happens to the city/state once they won’t be getting as much taxes due to decreased property values. We’re already facing budget cuts.
February 19, 2008 at 8:53 PM #156338ParticipantFMV=Fair Market Value. That’s the value that the property was appraised at (if the property was assessed at $691K when it was purchased at $500K, you pay the taxes on $691K). Sdr, correct me if I’m wrong.
On a different note, this will be interesting to see what happens to the city/state once they won’t be getting as much taxes due to decreased property values. We’re already facing budget cuts.
February 19, 2008 at 9:16 PM #156005sdrealtor
ParticipantRobys_song, you are correct. if the tax assessor does not think the purchase price reflects fair market value they have the right and even the duty to assess the property based upon the fair market value when title transfers.
February 19, 2008 at 9:16 PM #156289ParticipantRobys_song, you are correct. if the tax assessor does not think the purchase price reflects fair market value they have the right and even the duty to assess the property based upon the fair market value when title transfers.
February 19, 2008 at 9:16 PM #156291ParticipantRobys_song, you are correct. if the tax assessor does not think the purchase price reflects fair market value they have the right and even the duty to assess the property based upon the fair market value when title transfers.
February 19, 2008 at 9:16 PM #156310ParticipantRobys_song, you are correct. if the tax assessor does not think the purchase price reflects fair market value they have the right and even the duty to assess the property based upon the fair market value when title transfers.
February 19, 2008 at 9:16 PM #156384ParticipantRobys_song, you are correct. if the tax assessor does not think the purchase price reflects fair market value they have the right and even the duty to assess the property based upon the fair market value when title transfers.
February 19, 2008 at 9:28 PM #156015Bloat
ParticipantI purchased an SFR in 1989 and it dropped in value until 1994. Around 1991 they reassessed it to about 20% below what I paid without me making a request. Around 1996 they bumped it back up to what it would have been. This was in Riverside Cty.
February 19, 2008 at 9:28 PM #156299ParticipantI purchased an SFR in 1989 and it dropped in value until 1994. Around 1991 they reassessed it to about 20% below what I paid without me making a request. Around 1996 they bumped it back up to what it would have been. This was in Riverside Cty.
February 19, 2008 at 9:28 PM #156301ParticipantI purchased an SFR in 1989 and it dropped in value until 1994. Around 1991 they reassessed it to about 20% below what I paid without me making a request. Around 1996 they bumped it back up to what it would have been. This was in Riverside Cty.
February 19, 2008 at 9:28 PM #156320ParticipantI purchased an SFR in 1989 and it dropped in value until 1994. Around 1991 they reassessed it to about 20% below what I paid without me making a request. Around 1996 they bumped it back up to what it would have been. This was in Riverside Cty.
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