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Foreclosure or Short Sale: Reduced Tax Assessment not Guaranteed
Foreclosure or Short Sale: Reduced Tax Assessment not Guaranteed
Posted by: Marlyn Wiener
February 03, 2008
If you are buying a foreclosed property from a lender or a property that is the subject of a short sale, you might assume that your property tax assessment will be reduced to reflect the purchase price you paid. Surprisingly, there is no guaranty that your assessment will be reduced.
