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March 19, 2008 at 9:06 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #172966
jpinpb
ParticipantI am not sure about the Prop 13. I sold shortly thereafter when the housing market improved. I would like to know if that’s true, for future info. I’m sure it’s different when buying a house at a lower price. I would think they assess the value of the house at time of sale and it wouldn’t seem accurate to appraise it at the old much higher price.
March 19, 2008 at 9:06 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173305ParticipantI am not sure about the Prop 13. I sold shortly thereafter when the housing market improved. I would like to know if that’s true, for future info. I’m sure it’s different when buying a house at a lower price. I would think they assess the value of the house at time of sale and it wouldn’t seem accurate to appraise it at the old much higher price.
March 19, 2008 at 9:06 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173312ParticipantI am not sure about the Prop 13. I sold shortly thereafter when the housing market improved. I would like to know if that’s true, for future info. I’m sure it’s different when buying a house at a lower price. I would think they assess the value of the house at time of sale and it wouldn’t seem accurate to appraise it at the old much higher price.
March 19, 2008 at 9:06 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173329ParticipantI am not sure about the Prop 13. I sold shortly thereafter when the housing market improved. I would like to know if that’s true, for future info. I’m sure it’s different when buying a house at a lower price. I would think they assess the value of the house at time of sale and it wouldn’t seem accurate to appraise it at the old much higher price.
March 19, 2008 at 9:06 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173412ParticipantI am not sure about the Prop 13. I sold shortly thereafter when the housing market improved. I would like to know if that’s true, for future info. I’m sure it’s different when buying a house at a lower price. I would think they assess the value of the house at time of sale and it wouldn’t seem accurate to appraise it at the old much higher price.
March 19, 2008 at 8:18 AM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #172928Participantflu – That was so funny. I laughed so much I was crying.
March 19, 2008 at 8:18 AM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173266Participantflu – That was so funny. I laughed so much I was crying.
March 19, 2008 at 8:18 AM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173271Participantflu – That was so funny. I laughed so much I was crying.
March 19, 2008 at 8:18 AM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173289Participantflu – That was so funny. I laughed so much I was crying.
March 19, 2008 at 8:18 AM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173371Participantflu – That was so funny. I laughed so much I was crying.
March 19, 2008 at 8:11 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #172918ParticipantWhen I owned my home and the value went down, I requested the county reassess the value of my house and they lowered my property tax. Of course, when the value of the house went back up, they re-assessed it again higher.
I would think they would assess the value based on other homes in the area, not necessarily what you paid for it, if you got a screaming deal. But in Temecula, since so many places have gone down, I imagine that’s not going to be a big factor and the assessment will be lower, hence so your property tax bill.
March 19, 2008 at 8:11 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173256ParticipantWhen I owned my home and the value went down, I requested the county reassess the value of my house and they lowered my property tax. Of course, when the value of the house went back up, they re-assessed it again higher.
I would think they would assess the value based on other homes in the area, not necessarily what you paid for it, if you got a screaming deal. But in Temecula, since so many places have gone down, I imagine that’s not going to be a big factor and the assessment will be lower, hence so your property tax bill.
March 19, 2008 at 8:11 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173261ParticipantWhen I owned my home and the value went down, I requested the county reassess the value of my house and they lowered my property tax. Of course, when the value of the house went back up, they re-assessed it again higher.
I would think they would assess the value based on other homes in the area, not necessarily what you paid for it, if you got a screaming deal. But in Temecula, since so many places have gone down, I imagine that’s not going to be a big factor and the assessment will be lower, hence so your property tax bill.
March 19, 2008 at 8:11 AM in reply to: Property tax confusion for houses that sell for much less than what owner paid #173279ParticipantWhen I owned my home and the value went down, I requested the county reassess the value of my house and they lowered my property tax. Of course, when the value of the house went back up, they re-assessed it again higher.
I would think they would assess the value based on other homes in the area, not necessarily what you paid for it, if you got a screaming deal. But in Temecula, since so many places have gone down, I imagine that’s not going to be a big factor and the assessment will be lower, hence so your property tax bill.
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