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5 Property Tax Questions You Need to Ask

What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information.

How often are properties reassessed and when was the last reassessment done? Generally taxes jump most significantly when a property is reassessed.

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.

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?

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.

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved.

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Why Specialized Realty for buying Foreclosures?

  • Our firm specializes in Texas foreclosure properties.
  • Our agents are foreclosure experts.
  • Our foreclosure focus experience helps us to keep you from potential penalties.
  • Our foreclosure expertise ensures a smooth process for our buyers.
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  • We can make you aware of foreclosures before they go on the market.
  • SRG buyer's agents represent the buyer, not the seller.
  • We offer a market analysis to assist with negotiations.
  • We have connections with lenders and mortgage who know foreclosures best.
  • We work with foreclosures on a daily basis, so we know when a "hot deal" comes up.
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  • We have connections with lender and mortgage providers with hands-on experience working with foreclosures.
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Specialized Realty Group, Inc.
606 US Highway 377 N
Argyle, TX 76226
Phone: 1-800-636-5418 x 4001
Fax: 940-489-4141

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