Asked by Stefan, Varner • Mon May 5, 2008
I have looked at a particular house in West Palm Beach. Tax assessment in in 2006/ $1,975, listed for buyers to see in MLS, in 2007/$6,525. Not listed. Taxes clearly ballooned along with housing prices. A real problem for realtors, buyers, sellers. As a buyer I cannot bring myself to pay tax on a house valued by the Tax Appraiser at $315k, when it's selling price is at $235k. I want to buy it, all else is a-go, but this is the sticking point. I won't do it, do not HAVE TO move. Typical in the area. Q? What do Real Estate Professionals think about this situation. Are Realtors as a group involved in approaching the Tax Assessor/Local Government on this topic in any way? Will assessments be LOWERED as SALES AMOUNTS moderate?? I am not currently in the area. The TAX MORE THAN TRIPLED in one year, again, THE major sticking point, as it will be for any informed buyer. Neither Services nor Costs Tripled? Where's the $$? If we get around it for now, what about the Future? Bad, HELP!
Real Estate in West Palm Beach
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