Does refinancing a house in California at a higher appraisal value trigger a higher property tax?
May 14th, 2010I thought that under Proposition 13 the appraised value of your home for property tax purposes would not be revised upward while you own the house. I recently refinanced, and the appraised value for the re-fi is significantly higher than the appraised value when I first bought the house. Someone just told me that my property tax would now go up as a result of the higher re-fi appraisal. Is this accurate?
Refinancing in California will not increase the taxes.
Schwaps (http://www.schwaps.com) founder, Justin McClelland (http://www.justinmcclelland.com), chronicles his company in its beginning phase. In this video he traveled to a Real Estate auction held in Champaign, IL. The primary purpose was to get familiar with the process and to obtain wholesale property buyers for the cities of Champaign-Urbana.