Updated almost 4 years ago on . Most recent reply
Taxes in Cleveland/Cuyahoga County
Currently looking to purchase another house hack. An example for a duplex I was looking at in Cleveland Heights recently:
List price: $330,000
Assessed value: $157,000
If
the assessed value was to automatically become the purchase price after
sale, the tax bill would double making the deal not work.
Does
anyone know if the county does this automatically upon purchase, during
every 3 year assessment cycle, or something different (ie: raises the
assessed value, but somewhere in between current assessed value and
purchase price)?