Does the property tax amount change if you ... - Articles About Finance

County Tax Assessors do not rely on appraisals nor current values to determine your tax basis. The lenders rely on this information in order to gage the extent of the loan amount. If your home is being taxed on a value of $200K, any increase to that amount will determine a new base. If you?re re-financing rate and term, your first mortgage shouldn?t increase much, so there will be very little increase in taxes. However, if you?re cash-out refi-ing lets say, $200K more, your new base will be $400K. I know as fact that HELOCS do increase your base because this second is recorded and its addition to your value is obvious. (Even if you don?t draw from your line!) Appraising is not an exact science and we all would challenge anything Mr. Tax collector told us to be value.

Source: http://article-finance.com/does-the-property-tax-amount-change-if-you-refinance-ur-mortgage-and-the-appraisal-of-the-house-is-now-higher/

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