There is Benjamin Franklin's quote "but in the world nothing can be said to be certain except death and taxes."
Property taxes that you pay at closing are not affected by the purchase price.
You pay the taxes as they were assessed for that tax year.
A review of the tax records will show a history of the taxable value and the state equalized value.
If they are not the same figure, you will see a â€œpop upâ€ with the next assessment, with the change in ownership.
Buyers should not rely on the sellerâ€™s current property taxes as the amount of property taxes that the buyer may be obligated to pay in the year subsequent to purchase. A change of ownership or property improvements triggers reassessments of the property that could result in higher property taxes. Contact the county property appraiserâ€™s office for more detailed information.
For your real estate questions, contact
Cell (248) 931-0084
REAL ESTATE AND FINANCE IN ONE
34 S. Telegraph Rd
Waterford, MI 48328
Office (248) 886-0000