RE Tax assessment question (Long Beach: for sale, real estate, attorney)

[baylovers]

I just received a letter from the attorney that I used to file a grievance on my 2006/07 real estate taxes. They have informed me that the greivance was denied because the assessment was found to equated to the full market value of $813,600.

I have had my house in Long Beach for sale for 19 months and would probably take an offer of below the assessed value at the moment. Could a new buyer request that the taxes be reduced since the purchase price was below assessed market value? Does it benefit me to use the assessed market value in my negotiations?

Thanks for the input.

[onrway2clt]

Originally Posted by baylovers

I just received a letter from the attorney that I used to file a grievance on my 2006/07 real estate taxes. They have informed me that the greivance was denied because the assessment was found to equated to the full market value of $813,600.

I have had my house in Long Beach for sale for 19 months and would probably take an offer of below the assessed value at the moment. Could a new buyer request that the taxes be reduced since the purchase price was below assessed market value? Does it benefit me to use the assessed market value in my negotiations?

Thanks for the input.

A new buyer could always file a new grievance but I believe they will still have to use recent sales as a barometer for value. Could you ask the attorney you used just to be sure?