The assesed value has always been lower than the market value. What I'm saying is that the low taxes paid by my parents can be passed on.I don't know about that because change of title can change the tax status but even if it is true, so what? Who's harmed?
Not everyone earning exactly the same amount of income pays exactly the same amount of tax either...Two people go to a dealership one pays more for their car than the identical car of the other, one pays more in sales tax than the other, both cars have the same value...so what?
Isn't that why car salesmen have such a bad image?