Taxes on preforeclosure home

2 Replies

I have found a SFH in NYS that I am thinking about purchasing for myself to live in. It is in the preforeclosure state and listed for $250k and comps are about $450K. My question is about how the taxes for the home work. Tax history shows $14k/yr but then with the adjusted price of $250k it brings the taxes down to about $8.5K/yr. If I were to buy this home at the discounted rate in the preforeclosure state would the taxes be $14k? Also, do the taxes get adjusted for foreclosures as well?


James, my local county has a website where I can look up the current property taxes on any address or tax parcel. I have rarely seen property taxes (or insurance) go down in cost.