If I buy a home for $50,000 and it is assesed at 100,000, do I pay taxes on 50,000 fair market or 100,000 axxessed value?

Asked by sharpe1, Dunnellon, FL Mon Apr 29, 2013

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This question was asked from this property: http://www.trulia.com/property/3087910818-1100-Rose-Ln-Kemp-…

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Curly Sue, , Texas
Mon Apr 29, 2013
You'll have to pay the assessed value...BUT...you can contest the value based on what you paid. :)
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