When you are selling real estate the tax value is fixed until the property is reassessed. A property owner can appeal the assessed value which takes some time and a bit of an investment. I have seen some success, however, I have also seen some disappointment with the process. No is likely the answer.
I Just listed a home in Stonewater. I am holding it open this weekend. Your welcome to stop by if you would like to continue the discussion.
Open House: 515 Panorama Park Place Cary, NC 27519 11am-5pm Saturday
All the best,
Realtor / Group Leader
Martin Roberts Group
RE/MAX Preferred Associates
Unfortunately NO, a lower sales price does not automatically reduce the Tax assessors appraised value. There is a process for appealing the tax assessed value but it is expensive with no guaranteed outcome, even after following all the steps they put in front of you, they will â€œconsider the appealâ€. If you would like to discuss this further I would be happy to explain it to you.
Also, if you have a home to sell, I have been selling homes in less than 1/3 the time as the average agent and for more money.
Real Estate Broker
"Simplifying Real Estate"
Keller Williams Realty - Cary