is the assessed value of the property? Note that assessed value is
generally less than market value. Ask to see a recent copy of the seller's
tax bill to help you determine this information.
often are properties reassessed and when was the last reassessment done?
Generally taxes jump most significantly when a property is reassessed.
the sale of the property trigger a tax increase? Often the assessed value
of the property may increase based on the amount you pay for the property.
And in some areas, such as California,
taxes may be frozen until resale.
amount of taxes paid comparable to other properties in the area? If not,
it might be possible to appeal the tax assessment and lower the rate?
the current tax bill reflect any special exemptions that you might not
qualify for? For example, many tax districts offer reductions to those 65
MLB Residential Lending, LLC. is located at 51 Commerce Street, Suite 101, Springfield, NJ 07081, 732.243.0140. MLB Residential Lending, LLC. NMLS #1101220 is a residential lender, licensed by the NJ Department of Banking and Insurance; licensed by the PA Department of Banking and Securities; licensed by the CT Department of Banking; licensed by the DE Office of the Banking Commissioner; and is licensed under the FL Mortgage Lender Service License #MLD1128. MLB Residential Lending, LLC DBA MLB Mortgage is a Licensed Mortgage Banker - New York State Department of Financial Services. All rates are subject to change without notice. MLB is a Fair Housing Lender. MLB in no way, claims to represent or to conduct business on behalf of HUD, the FHA or the Federal Government.