If our 2009 tax assessed land value goes up will that effect the sales price we pay to purchase our lot?
The options for lessees to purchase from Patterson PK Land Partnership, Ltd. during the first year that Patterson PK Land Partnership, Ltd. owns the properties are all based upon 2008 certified land values. Lessee purchase options after the one year period are all based upon the then current tax assessed land values.
- I am about to purchase a property at a price significantly below the assessed value. Will my property taxes be based on the new purchase price or on the assessed value?
- What is my assessed value intended to reflect? Is it the sales price or some percentage of a sales price in my study group?
- If our 2009 tax assessed land value goes up will that effect the sales price we pay to purchase our lot?