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What tax will I have to pay if I brought a foreclosure home,the assessed value or the price I paid?

Posted on: 01st Jul, 2009 06:28 pm
What tax will I have to pay if I brought a foreclosure home,the assessed value or the price I paid?...For Example I brought home at $200,000.00 and was assessed for
$300,000.00 in Ca.
Hi realcentury!

Welcome to forums!

You can contact a tax assessor and he will let you know the exact value of the property. You'll will have to pay property taxes depending upon the assessed value of the property.

Sussane
Posted on: 02nd Jul, 2009 12:08 am
if you are referring to property taxes, the assessed value will determine the amount owed. if you're talking about some other sort of tax (state, local, federal), that's different. unfortunately, i cannot help with the latter situation.
Posted on: 10th Jul, 2009 12:25 pm
Welcome,
I think you should see tax officer. You should take right information
by relatives of this forum.
Posted on: 11th Jul, 2009 02:52 am
i just don't get it.
Posted on: 11th Jul, 2009 04:26 am
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