1 Day
Source:
New York Post
Hidden Home Sales and Higher Taxes
Private home sales conducted in secrecy in nondisclosure states can undermine accurate property valuation and reduce tax revenue. When sale prices are hidden, appraisals and assessments rely on incomplete data, potentially allowing high-value homeowners to lower their tax bills and skew the housing market. Studies in states like New Mexico and Texas highlight how secrecy can lead to revenue leakages and assessment inequities, especially affecting high-end properties.
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