5 Property Tax Questions You Need to Ask  
  1. What is the assessed value of the property? Note that assessed value is generally less than market value.  
  1. How often are properties reassessed and when was the last reassessment done? Generally taxes jump most significantly when a property is reassessed. 
  1. Will the sale of the property trigger a tax increase? Often the assessed value of the property may increase based on the amount you pay for the property. And in some areas, such as California, taxes may be frozen until resale. 
  1. Is the amount of taxes paid comparable to other properties in the area? If not, it might be possible to appeal the tax assessment and lower the rate? 
  1. Does the current tax bill reflect any special exemptions that you might not qualify for? For example, many tax districts offer reductions to those 65 or over.   

*As a member of the Lexington Board of Realtors, Advantage Janes Realty has quick access to the assessed values of homes in our area.

 

    If you're interested in starting the home buying process, or simply have questions, please call or e-mail. Add any special requests you have in the comments section. 

 

 

ADVANTAGE JANES REALTY cooperates fully with all other real estate companies and we have access to all available listings in our area.  As experienced Real Estate professionals, we will provide the dedication, honesty, and outstanding service that each client deserves. I look forward to working with you.  

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