Asked by Sarah, Wichita, KS • Tue Jan 11, 2011
I'm a first time homebuyer and am looking at a recently bank-owned property. It's been on the market about 3 months total and is county appraised at 154k. Asking price is currently 100k. Property taxes are 2k a year. I've looked and this house is one of the highest appraised in the neighborhood. I've heard that when buying a house you can compare the house to others to negotiate a lower yearly property tax, is this true? The fact is, adding an extra $200 a month to my mortgage and interest is frustrating, let alone if improvements are made to this house, they will go up.
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