Asked by Dave Osterman, Mountain View, CA • Sun Jul 5, 2009
In California, the property tax that you pay is based on the prices of the house that you paid or on the latest assessed value?
For example, if a house currently on sale is appraised for $700,000 and you buy it for $650,000... do you pay taxes on which value?
Once again, thanks to everyone who takes the time to answer my questions!
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