Quote:
Originally posted by Moneyguy1
Any municipality worth its salt will check selling price against appraisal (or assessed value). Selling price markedly higher = reassessment. Selling price markedly lower = challenge by new owner...
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Interestingly enough, some municipalities (like Albuquerque) are not allowed to know the sales price. The only way they ever find out is if you pay less than it is assessed for and petition to have your taxes reduced based on purchase price.
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Last edited by fintstone; 02-19-2007 at 10:39 AM..
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