Lightning Tax About to Be Eliminated
Initiated by my good friend, Stephanie Dzur who lead a formal challenge to the property tax increase on her home, the State Legislature has passed on the the State Senate two bills to curb the lightning tax. One will limit the tax increase to 20% for buyers of homes compared to the unlimited tax increase they are hit with now. And the second bill requires that title companies and realtors disclose the possibility of the tax increase. Well, hey I was doing that already and lost a sale to a CA buyer just last month because of it. This is fair legislation and a step in the right direction.
Labels: Albuquerque, assessed tax, home sales, homes, judy pierson, New Mexico, real estate, tax increases
1 Comments:
So, do you know if there's any recourse for those of us who were able to purchase a home in 2008 and are now seeing huge increases in our property valuations and property taxes? Mine increased by 67%.
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