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Updated almost 4 years ago on . Most recent reply

Mikhail Petrenko's profile image
Mikhail Petrenko's profile image
Mikhail Petrenko
  • Rental Property Investor
  • from Bay Area
  • Member since Apr 5, 2020
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User Stats

23
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7
Votes
Mikhail Petrenko's profile image
Mikhail Petrenko's profile image
Mikhail Petrenko
  • Rental Property Investor
  • from Bay Area
  • Member since Apr 5, 2020
Connect
Mikhail Petrenko
  • Rental Property Investor
  • Bay Area
7
Votes |
23
Posts
Buying & Selling Real Estate

Property tax reduction after foreclosure

Mikhail Petrenko
  • Rental Property Investor
  • Bay Area
Posted

Hi everyone!

I bought a foreclosure property once. The assessed value was 200 000 and I bought it for 600k. A county assessor increased the value to 600k.

Here is my question.

Let`s say I am buying a property with an assessed value of 1 million for 600k.

Will a county assessor decrease/make reduction of the assessed value? Have you had such an expirience? 

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