Quote:
Originally Posted by lawn psycho
FLL, I bought my house lot (in NH) in a subdivision this last year at ~40% of what the assessment was. Pretty much what the lot is worth is what I paid, not a distress sale, etc. I bought with no agent do that saved me some money as well since he dropped price accordingly to help get the sale.
Went to assessors office when visiting office for other item and she said, "I stand behind the assessment and just think you got a really good deal."
I was going to jam it down their throats but since house will get built on the lot in less than a year and assessment will change again, I will fight it them.
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I have been in Real Estate for 40 years and what the assessor said is just not true. If you completed an arms legnth transaction then the purchase price IS the value of the property. You just established what the property will sell for on the open market.