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Your Real Estate Classified – Property Tax Questions

For Buyers - Additional Resources

Property Tax Questions You Need to Consider

Are you 65 or older? There may be special exemptions for which you might qualify.
What is the assessed value of the property? Assessed value is generally less than market value and is the taxable value of the property.
When was the last reassessment done?
Is another reassessment scheduled in the near future?
Will the sale of the property trigger a tax increase? The assessed value of the property may increase based on the amount you pay for the property. In some areas, California for example, taxes may be frozen until resale.

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