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Tax Liens & Mortgage Notes
HomeForumsTax Liens & Mortgage NotesTAX PROTEST ON NEWLY BOUGHT HOME
O'Neil Mbakwe's profile image
O'Neil Mbakwe's profile image
O'Neil Mbakwe
  • Rental Property Investor
  • from Austin, TX
  • Member since Jul 25, 2018
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O'Neil Mbakwe's profile image
O'Neil Mbakwe's profile image
O'Neil Mbakwe
  • Rental Property Investor
  • from Austin, TX
  • Member since Jul 25, 2018
Connect
O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
7
Votes |
30
Posts
Tax Liens & Mortgage Notes

TAX PROTEST ON NEWLY BOUGHT HOME

O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
Posted Jul 1 2020, 08:40

Hello,

I recently bought my first investment property in Austin,TX. I bought the home for more than it appraised for in the CAD due to neighborhood comps. I recently received a notice to protest the appraised value of the home and was wondering if I should protest the value of the home if it’s lower than my purchase price. Thanks!

Value: 210K

Purchase: 240K

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