Five Property Tax Questions You Need to Ask

What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information.

How often are properties reassessed and when was the last reassessment done? Generally taxes jump most significantly when a property is reassessed.

Will the sale of the property trigger a tax increase? Often the assessed value of the property may increase based on the amount you pay for the property. And in some areas, such as California, taxes may be frozen until resale.

Is the amount of taxes paid comparable to other properties in the area? If not, it might be possible to appeal the tax assessment and lower the rate?

Does the current tax bill reflect any special exemptions that you might not qualify for? For example, many tax districts offer reductions to those 65 or over.

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright / All rights reserved.

Click here for printer-friendly format

Contact Me

Contact Me, Your Trusted Agent with over 15+ Years of Expertise, for all Your Real Estate Needs

If you're contemplating the purchase or sale of a property, I wholeheartedly encourage you to get in touch with me today. The journey of buying or selling a home can be intricate but having a seasoned and knowledgeable real estate professional by your side can be a game-changer. As a dedicated real estate agent, I am unwavering in my commitment to providing you with exceptional service and expert guidance throughout your real estate venture. Whether you're taking your first step into homeownership, an experienced investor, or simply seeking a change, I am here to support you at every turn.

Why Choose Me as Your Realtor?

When you choose me as your realtor, you gain access to a range of benefits:

Local Market Mastery: I possess an intimate knowledge of the local real estate market, encompassing trends, neighborhoods, and property values. Count on me to help you find the perfect property or optimize the sale of your current one.

Tailored Solutions: Your real estate journey is uniquely yours, and I understand that I provide personalized services that cater to your specific needs and aspirations, whether it's finding your dream home or maximizing the value of your property.

* Required