People do this every day
Posted on: September 27, 2023 at 11:10:17 CT
Mormad MU
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if they're applying to refinance, they want the value to be high, so they have a better equity margin and get better rates. If they're paying taxes, they want the value to be low. It's not uncommon for the assessed value to be much different than a fair market price. That's not saying there's no fraud here, but it's a very common practice.
Edited by Mormad at 11:10:43 on 09/27/23