Can Deal Structure Influence Property Tax Reassessment?

[Christian Riordan]

I invest in a market with property taxes for investment home are typically 2.5-3% of home value and the property taxes are reassessed after a purchase. In that context, I’m trying to lower the recorded sale price without affecting the overall net proceeds to the seller. Possibly providing some substantial credit or concessions to seller.  Specifically, are there any legal or regulatory constraints on structuring a transaction where substantial credits are used to reduce the recorded sale price?