Updated over 5 years ago on . Most recent reply
Does getting a new appraisal affect my property taxes?
This is a total n00b question. I have a single rental property that I'm considering refinancing. If the property appraises higher than the current county assessment (which it will) and I get the refinance, will that affect my property taxes? Meaning, will the county use the new higher appraisal or stick with their current appraisal?
Most Popular Reply
It's a bank appraisal, not a town/county appraisal. They are different, it won't change your taxes.