San Diego property taxes – Reset when a property sells at a lower price?

Question by Mememe: San Diego property taxes – Reset when a property sells at a lower price?
Hello everyone,

If someone purchases a home in San Diego for a lower price than the previous sale, will the property taxes ‘reset’ to reflect the lower transaction price?

For example:
Home sells in 2005 for $ 500,000. Property tax = $ 6500/year
SAME home sells in 2008 for $ 350,000. New property tax = ??

Thanks in advance for any info you can provide.

Best answer:

Answer by classick_kathleen
the property tax will go down and you can itemized the property, call the state of California about your question.

What do you think? Answer below!

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1 Comment → “San Diego property taxes – Reset when a property sells at a lower price?”


  1. Flowergirl

    Feb 05, 2012

    Absolutely,you pay property taxes based on the assessed value that the city or county levying the taxes determines. Every few years they will reevaluate the assessed value of property and adjust property taxes accordingly. Odds are your assesses property value that you are actually paying taxes on is probably still lower than the actual FMV of your house. You have to pay the taxes that are billed to you. If you disagree with the assessed value you can attempt to take that issue up with the city or county levying the taxes and attempt to get your property reassessed in an attempt to decrease your property taxes. The only upside to higher property taxes is that they are deductible on your income tax return so long as you itemize your deductions. Hope this helps.


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