[Bonanza]

Originally Posted by TheVillageChicken

Sales price has nothing to do with property tax which is based on the assessed value of the property, not the selling price. What is based on the sales price is real estate transfer taxes or documentary stamp taxes. This is paid by the seller @ .07% of the sales price. If there is a mortgage, the buyer pays a .035% document tax on the amount of the mortgage.

I beg to differ.
The assessed value of a property is directly related to the sales price.

You are correct that the other things you mentioned are
definitely based upon what the buyer has paid.