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-   -   Will my property tax assessment increase I buy out my sisters portion of moms home (https://www.askmehelpdesk.com/showthread.php?t=67527)

  • Feb 28, 2007, 09:19 PM
    alliance
    Will my property tax assessment increase I buy out my sisters portion of moms home
    Will the property tax assessment rate increase from its very low rate to the current and much higher riate when I buy out my sisters portion of our mothers home which we all inherited?
  • Mar 1, 2007, 08:48 AM
    AtlantaTaxExpert
    Probably not.
  • Mar 1, 2007, 09:01 AM
    ballengerb1
    Is should not increase but simplify to changing the names on the deed. If you treat this as a purchase rather than an interfamily arrangement you may catch the eye of your assessor.
  • Mar 1, 2007, 09:08 AM
    AtlantaTaxExpert
    That is an issue, but the sale is not normally reported to the assessor.
  • Mar 1, 2007, 09:50 AM
    ballengerb1
    I just picked up on a word I missed in the original post. "... which we all inherited" Now it seems there may be more than brother and sister involved. The result will probably be OK.
  • Mar 2, 2007, 11:57 AM
    AtlantaTaxExpert
    I agree!

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