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Are you talking about property taxes? If so, the amount on the loan, or the price of the house is not what it's usually based on. There may be some counties that don't appraise a house for property tax purposes, but property taxes are usually based on the county's apprased value. Not what the house sold for. That amount would not change if you refinanced.
In NY there is a sales tax on mortgages. I want to refinance, but only want to pay tax on "new" moneies. I do not want to pay "tax on tax" - as I already paid tax on original amount of loan.
Thanks for your replies. I am currently in the process of attempting to get my mortgage "reassigned", thereby avoiding the NYC 'excise' tax gimmick. Thanks again for all your help.
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