Yeah still own, didn't buy it to flip it but I knew it wouldn't be possible any other time. The wager was that the market wouldn't crash but inflate, so had to go now. Looks like the wager paid off. Best part is county did tax assessment and assessed the house at $240k. Really got lucky.
Yeah still own, didn't buy it to flip it but I knew it wouldn't be possible any other time. The wager was that the market wouldn't crash but inflate, so had to go now. Looks like the wager paid off. Best part is county did tax assessment and assessed the house at $240k. Really got lucky.
Why would the tax assessment be $240k when you paid $700k?
Why would the tax assessment be $240k when you paid $700k?
If you know how tax assessment works, they don't ask your sale price, the county assessor assesses it, hence the name.
If you know how tax assessment works, they don't ask your sale price, the county assessor assesses it, hence the name.
Where I live the sale price is public record (and on any real estate web site) so the assessed value is never much different. Certainly not a third of the sale price. Your county tax assessor must be retarded.
Where I live the sale price is public record (and on any real estate web site) so the assessed value is never much different. Certainly not a third of the sale price. Your county tax assessor must be retarded.
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