So, I'm in the process of doing a cash out refi on my VA loan. We bought our property at $330k and (depending on appraisal) is worth $600k. The property is taxed assessed at $357k. Does the refi now make the assessed taxed value at whatever the appraisal comes in at? Or will it remain the same until it changes ownership?
Property taxes you pay are determined by actual county taxes, not on the estimated value. Until your property is reassessed by the county, you will continue to pay that amount. Regardless of ownership change or refinancing.