View Single Post
Old 03-13-2019, 05:25 PM   #13
Senior Member
Mikala's Avatar
City: New Smyrna Beach, FL
Country: USA
Vessel Name: Mikala
Vessel Model: DeFever 48
Join Date: Jan 2019
Posts: 111
Trading boat 4 boat of equal value ARE TAXES DUE ?

My point regarding real estate wasn’t related to sales tax per se. I recently bought a house to do a whole house renovation and sell. I bought it for cash and paid significantly less than the county appraiser’s value. I received two separate certified letters from the county appraiser questioning the amount I paid for the house, as well as if it was gifted by a relative. I signed affidavits stating the purchase price and no relations or gift. The reason for the exercise, as best I can tell, is that it messes with the county appraisal database by reducing the price of homes sales and ultimately the property taxes the county intends to steal (and waste) from its residents annually.
Mikala is offline   Reply With Quote