estimating property tax (sales, buying a house, buying)

[brassbin]

When buying a house whose current owner lived in for at least 10 years, the existing property tax is bound to go up, even in this market, how do i go about finding out what the tax would be if property changes hands?

[GCGuy]

Originally Posted by brassbin

When buying a house whose current owner lived in for at least 10 years, the existing property tax is bound to go up, even in this market, how do i go about finding out what the tax would be if property changes hands?

Not sure why you think that. Unless you make improvements, I'm not sure it matters. Believe me, these people are diligent in keeping the asssessments current. I just bought in 2006 and there's been no real difference.

[brassbin]

hmm..., i see what you are saying, if the accessed value is current then the tax should be current too, but in the back of my head there's still this voice saying becuase LI homes have appreciated so much, the accessed value will always be doing catch up with sales price, hence tax is not current...i think maybe you are right though

[rocafeller05]

It can work either way. If youre taxes are based on a price that is higher than what you bought it for you can file a grievance and have them lowered.