Home Foreclosure Questions
December 15th, 2010
Home Foreclosure Questions
foreclosure house question?
If you buy a house from foreclosure do not pay tax on the value of a house or what the bank sells? For example, if a house is 150k and they only sell 12k. What you pay taxes? I found a value of 150 000 houses are selling 12k foreclosure.
It depends on the condition that the property is located. In California, for example, property taxes based on purchase price (this is due to Proposition 13, which occurs in about 1978 or '79). If you live in Western Australia, property taxes are based on the value of the evaluator tax comes to mind, not necessarily on the basis of price.
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