This baffles me, but I may just be an idiot.........

**hopeful327** · 07-31-2009, 10:38 AM

I don't understand why lots are for sale (to build your home) at 50k above what they are appraised at for taxes? That's crazy, why would you buy land and significantly higher it's tax value?????????

When you bid on land, can you bid alot lower at what they are asking? Is it possible?

**markbrian** · 07-31-2009, 12:04 PM

You can always offer whatever you want, Getting the seller to accept your offer or reality is another matter.

**Greg** · 08-01-2009, 05:13 AM

Tax assessments only reflect what the county appraiser views as the value. It has no bearing on the market value.

Sometimes properties are worth more than the tax assessment and sometimes they are worth less.

You have to look at how much similar lots are selling for to determine their value.

There is another thread on this forum where somebody could not understand how the tax assessment could be higher than the listing price, they did not think it was fair to be paying taxes on the high priced tax assessment when they were going to be paying considerably less.

One way for you to look at it is you will be saving on the property taxes.