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December, 2007
Tax Advice Blog
Can the county assess me for more than what I paid for my property?
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Property Tax Advice
Posted by:
Stephen Dunbar
12/6/2007 8:46 PM
Yes, if the county can prove that you benefited by purchasing a property below its market value when you purchased it. There is a provision in the Revenue and Taxation code called Rule 2 which states that it is presumed that the purchase price of a property is its taxable value however the county does have the option of proving that is not the case.
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January 05, 2009
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