franandaj
I'm so happy, I could BOUNCE!
- Joined
- Nov 15, 2009
We received a letter this Spring from our County Assessor stating that our property taxes would be based on the selling price of the most expensive home in the neighborhood.
Our taxes went up when a much larger, much renovated, home on our block sold for 1 1/2 times our homes appraised value.
I hope they can't do that in our county because in our neighborhood home prices vary so much it's crazy. We have kind of the low priced home in the neighborhood. One down the street sold for 3M while another sold for 5.2M. Our house is nowhere near that range, hut I am finding out that any house in Long Beach is pretty much 1M whether it's 899K or what. My friend is looking and their max is 500K, and there is almost nothing in that range. Anything I've found is distressed and cash only sales. It's crazy out here. As it is we had to have two mortgages on two properties to qualify for our house!