Reo Bank Owned Properties
February 15th, 2010
Reo Bank Owned Properties
If I buy a house worth less than your current tax assessment, can I have the new tax assessment (decrease)?
I live in Orange County, CA. I'm buying a bank owned by the excluded (REO) property. The purchase price will be substantially less than the current value of the tax quotas. Will I pay taxes based on current tax valuation or the purchase price … or totally different?
You pay taxes on the current appraised value of your home, not the purchase price.
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Wholesale REO Foreclosure Investment Property Florida Orlando Disney Bank Owned $39,950.00 |
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