Are the taxes based on the price of the home and the square footage. If the property is in foreclosure and
the price list is lower than the orginal price, should the taxes be adjusted through the township assessor's office
Answers (1)
FIRST ANSWER
Hi, Lots of buyers think because they buy a foreclosure for less than what other properties around them are selling for that the taxes will be adjusted. Keep in mind, that the assessor will be looking at houses "like" the one that you are buying and will keep the taxes in line with the neighborhood based on the type of house, land, etc. You can protest the taxes but there is no guarantee that they will be adjusted.
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Answered Thu Nov 8 2007, 14:21 by Synthia Noble in Crete
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