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Just bought? Your purchase price can lower your taxes

If you bought your home recently, you may have the single best piece of appeal evidence already in hand: your purchase price.

Why it's so strong

A recent, arm's-length sale of the exact property is the clearest possible measure of market value — stronger than comparable sales of other homes. If your appraised value sits above what you just paid, that's a direct, documented mismatch.

When it applies

  • You bought within the last year or so, close to the reappraisal date.
  • The sale was arm's length — not a family transfer, foreclosure, or distressed deal.
  • Your appraised value is higher than your purchase price.

What to bring

  • The closing statement / settlement statement showing the price.
  • The deed or purchase agreement.
  • The listing, if the home was openly marketed.

What to watch for

If you bought at the top of a bidding war, or made major improvements after closing, the Assessor may argue your purchase price understates current value. Be ready to explain the circumstances.

Recently bought below your assessment? Start a free evaluation and we'll check it. This is general information, not legal or tax advice.

See if you're overpaying

Start a free evaluation and we'll check your property against recent comparable sales — and tell you if it is one to skip.

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