Asked by Zannie, Anza Vista, San Francisco, CA • Thu Apr 18, 2013
I am a first time home owner, and although I was pretty prepared and educated about the process of purchasing a home, this whole property tax thing has me pretty confused. I had to pay my property tax based on the previously assessed value of the condo, which was significantly higher than what I paid, because they hadn't gotten around to processing the new assessment, which had happened FIVE MONTHS EARLIER. I was promised a refund on the difference, which I had calculated to be about $2700.
My refund check just came, and it is for $300. They are only refunding the difference for the time between when I purchased the condo and the end of the tax year.
In a way, this makes sense, but it also means I am paying the taxes on this property from before it was mine. Is that normal? Shouldn't the previous owner have been responsible for that amount? In fact I am pretty sure that was part of their closing costs. Why am I paying it now?
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