Surprise at closing
My experience is that BogeyBoy is right about the assessed value being the basis for taxes. My real estate agent told me it was based on the purchase price of the home and I would continue to get the previous owner's exemption for 2011. Neither of these statements turned out to be correct. I called the tax appraiser's office and was told that for the remainder of 2011 I would not get the exemption, that the tax was based on tax appraiser's assessment, and that I had to be full time resident on January of the tax year, so the earliest I can get the exemption is 2012, and you have until March of 2012 to apply. This is for Marion County
|