zeitgeist57 Posted July 17, 2012 Report Share Posted July 17, 2012 What does it take - or what are the options - when buying a new house to have the county auditor not report the purchase price of a house? Example: if you look up Kirk Herbstreit's house, there is no value reported. Please advise and thanks! Quote Link to comment Share on other sites More sharing options...
Green Bastard Posted July 17, 2012 Report Share Posted July 17, 2012 I suppose if it were a gift or if you received it as an estate that there would be no recorded value, but you would have to have it appraised and pay the gift tax/estate tax. Quote Link to comment Share on other sites More sharing options...
10phone2 Posted July 17, 2012 Report Share Posted July 17, 2012 I wonder if property held in trust would have a $0 value? Quote Link to comment Share on other sites More sharing options...
AJ Posted July 17, 2012 Report Share Posted July 17, 2012 In the history of my land my house is on there is about 10 transfers for $1. Quote Link to comment Share on other sites More sharing options...
smokinHawk1647545499 Posted July 17, 2012 Report Share Posted July 17, 2012 happens a lot, when i refinanced my house it had $0 transfer to get my ex out of it with a quit claim deed., also when it was reposed by the bank before i bought it. Quote Link to comment Share on other sites More sharing options...
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