Mar
17
Ok, so I found a REALLY attractive property on a lakefront. The asking price is about $150,000 less then the tax assessment. This is in a area where some lakefront homes (one about 500ft across the lake) go for millions. And I doubt ANY home on this lakefront goes for under $160,000+.
Would it be a bad idea to assume the potential value of home (if upgraded and remodeled) could very well reach the tax assessent value?
Comments
One Response to “Tax Assessment considered in purchase of home?”
yes it is most likely possible. with that, expect your taxes to go up too!