11 ms·
This is area-specific. For example, in Florida (where I've bought/sold 4 houses over the years) property taxes tend to be reassessed to very close to purchase p
by coev 10y ago
This is area-specific. For example, in Florida (where I've bought/sold 4 houses over the years) property taxes tend to be reassessed to very close to purchase price upon sale, because due to homestead exemptions the taxes haven't kept up with home price inflation. I believe similar happens in California.
- talmand 10y agoCould be, but based on the tax assessment history we can see on Zillow I would hope it's not going to be reassessed to 50k or more above last year's assessment.