why is my house listed as so low.,we purchasd it last year for 525,000?

Asked by Donna, Santa Clarita, CA Fri Jan 9, 2009

i purchased this house for 525000 last year. not 252000. how do i get this fixed

This question is about this property: http://www.trulia.com/homes/California/Santa_Clarita/sold/37…

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John Wall, , Long Beach, CA
Fri Jan 9, 2009
Right off the bat, Countrywide home loans, or the county assessor's office made a typo. The transfer price is reported as being 252,000, with a first trust deed in the amount of 472,447. (loan amount).

If you are at all concerned about not paying enough property taxes, don't worry, because this home has been assessed at $561,378. The amount the tax bill will be based on.

Having first and second (or third) loans on the property can confuse the latest transfer value numbers, as well as recent re-finances. I have included the link to the Assessor's office website whom you can contact regarding changes in the record.

Every once in a while misleading information ends up in the public records. The majority of the time it will have no effect on you, unless the error is in the assessment itself. Still, the assessor's office will make the corrections if you ask them to.
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