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Robert Carpenter's profile image
Robert Carpenter's profile image
Robert Carpenter
  • from Montclair, New Jersey
  • Member since Apr 14, 2014
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Robert Carpenter's profile image
Robert Carpenter's profile image
Robert Carpenter
  • from Montclair, New Jersey
  • Member since Apr 14, 2014
Connect
Robert Carpenter
  • Montclair, NJ
6
Votes |
66
Posts
Buying & Selling Real Estate

Property tax on an REO

Robert Carpenter
  • Montclair, NJ
Posted Aug 3 2014, 13:58

Suppose you pay $120,000 for an REO with an ARV of $300,000 which needs $80,000 in repairs. Will the county reduce your property tax to reflect your $120,000 purchase price ?

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