[Stu from NYC]

Originally Posted by Villageswimmer

Selling price definitely affects your taxes. However, the taxes/assessments do change over time even if the home is not sold again. To prove this, go to the website, select any random property and click on tax history. You’ll see several years of tax bills.

It’s to your advantage to get the lowest possible purchase price. If improvements are built into a higher price (worse yet, a turnkey) you’ll effectively be paying taxes on the add-ons as long as you own the property. This effect is exacerbated if one takes a mortgage; that is, you’re paying interest on furniture, etc.

Better to make improvements yourself than to have those already made improvements included in a higher purchase price which equates to higher taxes.

Thank you will do that