I’m closing soon on a house in San Diego. My lender finalized my monthly payment amount. But the taxes are based on my purchase price of $659k. County tax assessor public records has my house assessed at $86k as of 6/30/21. Looking at prior year tax payments online, previous owner paid taxes on $86k.
So is it correct for the lender to charge me tax on $659k??? I would think the excess funds in escrow would be a ridiculous amount.
Side note I looked up all my comps from appraisal report and they all have huge discrepancies like this between purchase price and assessed price.