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We are going to put this property up for sale. Would we be better off keeping the SEV at the higher amount and advertising it for sale at below the SEV, or try to change the SEV through Tax Tribunal (which was done 2 years ago)?. We are worried how the higher SEV would look to potential buyers, because of a higher SEV - the new buyer would get taxed at a higher rate. Which would be the better Choice?

2007-03-13 07:17:47 · 2 answers · asked by cjt 1 in Business & Finance Renting & Real Estate

2 answers

Simply find your tax district and file a protest. It is fairly easy and painless. You may want to look up a real estate appraiser in your area as well and see what they think. Thats a hell of a hike in one year.

The previous poster may not know that taxed value has nothing to do with market value, they are allocated differetly and have nothing to do with each other.

2007-03-13 10:01:35 · answer #1 · answered by Mark P. 5 · 0 0

Is this property about making money if so sell. If its about holding on to be able to pass on to your families legacy then don't let fear control you, have faith. Hold on to it as long as possible.Sometimes its greater later.

2007-03-13 07:26:32 · answer #2 · answered by treva c 1 · 0 0

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