I bought the house at $160,000, and assessed value in tax bill is $184,000
I thought based on all anwsers here the new tax bill should reflect new purchsed price, am I missing some thing here?
FYI, the house was purchased & closed on May-01-2012
Property taxes are paid on the purchased price. Check your closing statements and you should see that the property taxes ( which are part of the closing costs) are approx. 1% of the final sold price.
You will receive a statement from the tax assessors office indicating when taxes are due.
And just an FYI... If you need service people for your new home (painters, gardeners, contractors, etc.) I have plenty of people that I recommend. Let me know!
The December bill should reflect your new assesed value, based on the purchase price.Â
I hope that helps... and congratulations on your new home!!
but I would bet that it's the same as Fresno:
The Escrow charged you 1 or 6 month's of taxes, based on the old tax rate.
You were probably given an ADVISORY about a SUPPLIMENTAL TAX, which told you that you would receive a NOTICE from the Assessor about a Tax change.
You probably will be paying less, based on the new selling price; but the adjustment will take a few months. You may even see a Credit.
If you are impatient, you can always go down there and ask them.
Good luck and congratulations