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February 20, 2008 at 2:04 PM #156838February 20, 2008 at 2:09 PM #156469
patientlywaiting
ParticipantProposition 13:
If you buy a property in an arms-length transaction, the assessor will have a hard time justifying a fair-market value that is higher than the purchase price. If that happens, I would appeal. You would most likely win on appeal.
If you do a related-party deal or get a sweetheart deal then the asssessor will most likely use FMV.
The assessor is known to make mistakes so challenging their valuation is not a big deal.
February 20, 2008 at 2:09 PM #156753ParticipantProposition 13:
If you buy a property in an arms-length transaction, the assessor will have a hard time justifying a fair-market value that is higher than the purchase price. If that happens, I would appeal. You would most likely win on appeal.
If you do a related-party deal or get a sweetheart deal then the asssessor will most likely use FMV.
The assessor is known to make mistakes so challenging their valuation is not a big deal.
February 20, 2008 at 2:09 PM #156755ParticipantProposition 13:
If you buy a property in an arms-length transaction, the assessor will have a hard time justifying a fair-market value that is higher than the purchase price. If that happens, I would appeal. You would most likely win on appeal.
If you do a related-party deal or get a sweetheart deal then the asssessor will most likely use FMV.
The assessor is known to make mistakes so challenging their valuation is not a big deal.
February 20, 2008 at 2:09 PM #156772ParticipantProposition 13:
If you buy a property in an arms-length transaction, the assessor will have a hard time justifying a fair-market value that is higher than the purchase price. If that happens, I would appeal. You would most likely win on appeal.
If you do a related-party deal or get a sweetheart deal then the asssessor will most likely use FMV.
The assessor is known to make mistakes so challenging their valuation is not a big deal.
February 20, 2008 at 2:09 PM #156848ParticipantProposition 13:
If you buy a property in an arms-length transaction, the assessor will have a hard time justifying a fair-market value that is higher than the purchase price. If that happens, I would appeal. You would most likely win on appeal.
If you do a related-party deal or get a sweetheart deal then the asssessor will most likely use FMV.
The assessor is known to make mistakes so challenging their valuation is not a big deal.
February 20, 2008 at 2:29 PM #156479Anonymous
GuestYeah it seems like the purchase price at an arms-length transaction would be the only non-subjective way to assess it.
February 20, 2008 at 2:29 PM #156764GuestYeah it seems like the purchase price at an arms-length transaction would be the only non-subjective way to assess it.
February 20, 2008 at 2:29 PM #156766GuestYeah it seems like the purchase price at an arms-length transaction would be the only non-subjective way to assess it.
February 20, 2008 at 2:29 PM #156782GuestYeah it seems like the purchase price at an arms-length transaction would be the only non-subjective way to assess it.
February 20, 2008 at 2:29 PM #156858GuestYeah it seems like the purchase price at an arms-length transaction would be the only non-subjective way to assess it.
February 20, 2008 at 3:13 PM #156496donaldduckmoore
ParticipantI think I have got the answer from you guys but I have to initiate the move, the assessor won’t do it automatically.
February 20, 2008 at 3:13 PM #156779ParticipantI think I have got the answer from you guys but I have to initiate the move, the assessor won’t do it automatically.
February 20, 2008 at 3:13 PM #156781ParticipantI think I have got the answer from you guys but I have to initiate the move, the assessor won’t do it automatically.
February 20, 2008 at 3:13 PM #156797ParticipantI think I have got the answer from you guys but I have to initiate the move, the assessor won’t do it automatically.
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