Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Will Refinancing Cause My Property Taxes to Go Up?
"Will Refinancing Cause My Property Taxes to Go Up?"
 
Because the current interest rate environment remains conducive to refinancing, a concern that some have about taking action stems from confusion related to how their property taxes are determined, and specifically the question, "Will refinancing cause my property taxes to go up?"  It goes without saying that nobody wants to save money via refinance, only to see it evaporate in the form of higher real estate taxes.  But is this a real threat?  Or is it safe to assume that simply by refinancing you would not see a change in your tax basis?
 
Our answer must first address, well, the address --- of the home, that is.  Since I'm a licensed loan officer in the state of California, working out of an office in Marin County, I'm only going to view this topic through our stylishly sunshaded eyes.  In California, properties are assessed to market value when they change ownership, and this does not happen in a refinance.  So if you purchased a home for $500,000 in 2008, and it appraises for $650,000 in 2014 when you obtain your refinance appraisal, the county assessor is still working off your original assessed ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention