What to do if I closed on my home and the taxes were disclosed to me incorrectly?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What to do if I closed on my home and the taxes were disclosed to me incorrectly?
I closed on my home in 2 1/2 years ago and the taxes were disclosed to me being $1200 per year. My mortgage just increased by almost $200 monthly because they disclosed the wrong amount. The taxes are actually $1400 more than what they said and now I’m paying back taxes for 1.5 years, plus an increase of $166 a month. This would’ve been a deal breaker if I would’ve known. Is this legal? Isn’t this what we pay agents, attorneys and insurance for? Can I sue someone for damages? This is really tough in the current economy.
Asked on December 20, 2011 under Real Estate Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Unfortunately there really is not much that you can do against the seller of the property that you purchased from due to the issue about the proeprty tax issue. You need to realize that the prior owner may have been paying less in taxes due to a lower purchase price than what you made on the property. The higher purchase price, the higher annual property taxes will be for the same property.
You could speak with a real estate attorney about your situation and inquire about the possibility of trying to obtain an adjustment of the property taxes on the property that you now own.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.