Here the formula used to calculate the real estate taxes is public instead (I take it from your comment that in the US it isn’t?), so you don’t have to reengineer it looking at other sample values.
And when buying you just ask the seller, they have to provide such kind of information.
The concern isn’t with the formula, more just straight up corruption/bigotry. E.g. a house in a minority neighborhood being charged more. Property tax is levied by local governments in the USA, so they’re more vulnerable to that sort of thing.
Ok… Still don’t get how that helps with the erroneous tax charge, though.
I mean, if you put your estate data into the formula and get another value than the local government is charging you, you already have your absolute proof.
Here the formula used to calculate the real estate taxes is public instead (I take it from your comment that in the US it isn’t?), so you don’t have to reengineer it looking at other sample values.
And when buying you just ask the seller, they have to provide such kind of information.
The concern isn’t with the formula, more just straight up corruption/bigotry. E.g. a house in a minority neighborhood being charged more. Property tax is levied by local governments in the USA, so they’re more vulnerable to that sort of thing.
Ok… Still don’t get how that helps with the erroneous tax charge, though.
I mean, if you put your estate data into the formula and get another value than the local government is charging you, you already have your absolute proof.
Why would you need more than that?