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Tax Apprasial vs. current value

Hey all,

First time poster as I and my fiancee (mid 20s) have been looking for a house in the south New Jersey area for some months now. There are a lot of seemingly flipped houses down here in our range that we have seen and are willing to offer on, but if the tax is appraised to the value we would possibly buy at (in a specific case, raise the tax value from 100k to 300k) we would be paying way more for this house than I would want to.

When I asked my realtor about this, she said that the tax value is safe unless "they do a reassessment in the township which is unlikely". Is she correct here? I was under the impression that assessments are a part of the buying process?

submitted by /u/amnycp
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/11anxty/tax_apprasial_vs_current_value/
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