The assessed value on the tax records is only $276,000!
How come the sellers are asking so much more money for it?
That’s because the assessed value is based on the purchase price plus the annual increases allowed by Prop 13. That means that there’s no relationship between the assessed value and current market value!
Another Berkeley real estate tip for you!
Haven’t we all have done that on our first home open the tax bill and say there wrong.
Made me chuckle because I did it myself.