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re: Property Tax Situation

Posted on 2/19/13 at 6:48 am to
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 2/19/13 at 6:48 am to
the property was way over assessed. The sale is what allowed me to challenge the assessment and get it reduced. The tax bill went down $5k.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26557 posts
Posted on 2/19/13 at 7:22 am to
Well you hold all the cards. He'll likely never know unless you tell him. If you are going to try and give him some back, just explain the situation and tell him you think you are entitled to retain X% of the difference because the work you did. If he was entitled to $4800 and you are offering him $2400, its probably not worth his time and money to file suit over the difference. No attorney I know is going to want to get involved in that either.
Posted by chuckitdeep
Member since Nov 2008
731 posts
Posted on 2/20/13 at 7:41 am to
If the situation was flipped and you had to pay much higher taxes, the other party would probably fight having to pay more for a deal that has been completed. I knew someone this happened to. The reasons given were that the taxes are based on what the sheriff gave at the time of sale. They are not responsible for the changes. I would keep the savings.
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