Property tax reduction after foreclosure

[Mikhail Petrenko]

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?