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First time homebuyer and purchased a Townhome in E. Stroudsburg, PA paid $267,125. My tax

bill shows $10,000 for land...
First time homebuyer and purchased a Townhome in E. Stroudsburg, PA paid $267,125. My tax bill shows $10,000 for land and $31,410 for building. I don't understand that. Also I paid a total of $10,378.68 this year in taxes! (2) municipal taxes and (2) School Taxes. (1 interim tax for school and (1 interm tax for municipal). Will I get some money back, I feel I paid way too much - we are both retired and now have to work to pay these taxes.
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Answered in 4 minutes by:
9/4/2012
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55,803
Experience: 29 years of experience as a tax, real estate, and business attorney.
Verified

Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.

Good afternoon. If the tax collector doesn't resolve this for you, you need to formally appeal this tax bill. There is no way your property taxes would total 15% of the value of your house. There has clearly been an error. Then, for the applicable year in which you purchased the house, the property taxes would be prorated based on the portion of the year during which you owned the house and the portion of the year your seller owned the home. You would have recourse against the seller for the portion of the year for which the seller owned the property.



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Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55,803
Experience: 29 years of experience as a tax, real estate, and business attorney.
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Customer reply replied 5 years ago

We went to court for tax assessment and were told we would be notified by Oct 31, 2012. If i paid too much taxes this year, will the tax collector send a refund or do I have to ask for it? Thank you very much for your help in this matter?

If you prevail on the tax assessment, the refund will come to you automatically. Your welcome...it's been my pleasure. Take care!

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Richard
Richard
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Category: Tax
Satisfied Customers: 55,803
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Experience: 29 years of experience as a tax, real estate, and business attorney.

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