We made an offer on a home and we’re through the inspection / attorney review and the appraisal comes back at the EXACT amount we offered. Now, I’m the buyer here, so right or wrong, I feel like we overpaid to win the bid. Why does this happen? How on earth does it appraise to the exact amount?
In: 16
Because you determined it’s worth by buying the house. Sorry man, but your property tax will now be based on your purchase price and the appraisal will likely increase by 2% per year.
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