Quote:
Originally Posted by BroadHopper
The tax assessment also determine the market value of your property. Buyers will look at the tax evaluation as a criteria in determing the 'fair market value' of the investment.
Your taxes don't really go down. The tax rate goes up so it's a wash.
It's your return on investment that suffers.
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If a buyer uses your tax value to determine what they will offer on a property they are not understanding property value. It is never true that a tax apprasial value determines a properties worth. Recent sales data and what a buyer is willing to pay and a seller is willing to accept determine what a property is worth nothing else.
Ask anyone in real estate or a bank appraiser.