Real Estate Law
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Having been a real estate investor for over 26 years, I can unfortunately confirm what they are telling you.. Property values can only be adjusted once a year and if that adjustment time has passed, then the current assessment stands for this year.
Your recourse is to file a petition to have the taxable value reduced to the purchase price for next year and any subsequent years and to file an appeal if they deny the reduction or negotiate an agreed value for it that is reasonable.
I purchase foreclosures, which typically sell for 50-70% of actual value and have to argue with the property tax assessors every time to negotiate a reduction in price to close to what I paid for the property.
Yes, the taxing authority will normally have a form that you can fill out to contest any appraisal and attach any supporting documentation. So you would get the form and then attach a copy of the closing statement or deed or whatever you have to show what you paid for it. They normally don't put up too much of a fight in adjusting down the value although they may haggle a little if the property is clearly worth more than you paid. I just paid $136K for a house that is easily worth $200K and haggled with them a bit to get them to agree to $143K as the taxable for next year..