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Sales Verification Form

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PL1957

Senior Member
Joined
Jul 19, 2004
Professional Status
Certified General Appraiser
State
Illinois
We purchased a condo on Amelia Island and just received a Sales Verification Form from the Nassau County Property Assessor asking us to confirm lots of details. Is there any benefit to filling this form out or will I just get hit with higher real estate taxes?
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Many assessor's send out questionaires related to purchase of real estate. They are trying to determine if the sale is a standard arms length transaction or because of an estate transfer or a divorce, or other reasons. The use it to establish their valuation trend models. The form information doesn't cause your taxes to be higher, your taxes are higher because of the property tax system, budgets, bonds, most of which require voters to approve.

The benefit of filling out the form is the assessor has more accurate, complete information. If you don't fill out the form, they will probably assume its just a standard real estate transaction.

I'm guessing Illinois doesn't send out questionaires? Won't you miss the the winters in Illinois?
 

PL1957

Senior Member
Joined
Jul 19, 2004
Professional Status
Certified General Appraiser
State
Illinois
Many assessor's send out questionaires related to purchase of real estate. They are trying to determine if the sale is a standard arms length transaction or because of an estate transfer or a divorce, or other reasons. The use it to establish their valuation trend models. The form information doesn't cause your taxes to be higher, your taxes are higher because of the property tax system, budgets, bonds, most of which require voters to approve.

The benefit of filling out the form is the assessor has more accurate, complete information. If you don't fill out the form, they will probably assume its just a standard real estate transaction.

I'm guessing Illinois doesn't send out questionaires? Won't you miss the the winters in Illinois?
Working in Cook County for much of my career, I have a built in distrust of assessors.

Will not miss the snow at all - just call me a snowbird.
 
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