home equity loan vs. property taxes

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webwesen
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home equity loan vs. property taxes

Post by webwesen »

if John Doe assumes that his home value has increased and decides to get a home equity loan to raise some cash for his needs - like for downpayment for the second home or so - and the bank people come and assess the property - will it affect Doe's property taxes?

sorry if it was discussed before - search didn't return anything.

thx!
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thinker
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Re: home equity loan vs. property taxes

Post by thinker »

webwesen wrote:if John Doe assumes that his home value has increased and decides to get a home equity loan to raise some cash for his needs - like for downpayment for the second home or so - and the bank people come and assess the property - will it affect Doe's property taxes?


Оценка стоимости дома будет независима от оценки на момент получения equity loan.
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