abctax55
Level 15
3 weeks ago
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" ...A RE tax assessment generally correlates, or tracks, the fair value sale price"
That may apply in your state and probably many more, but it most definitely doesn't apply in California (due to Prop 13). My house is 'valued' on our property tax statement at $ 140,000. We could sell it for a bit more than that 😉
"*******Tax software is no substitute for a professional tax preparer*******
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