Tip of the Week: Counties may change the assessed value of a piece of property if a recent sale price differs from the county’s previous estimate of fair market value.

Counties may change the assessed value of a piece of property if a recent sale price differs from the county’s previous estimate of fair market value. It’s a good idea to recommend your buyer check with the local assessor’s office when making an offer to find out if a property’s current annual tax assessment is likely to change.

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