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IS IT NECCESSARY TO PAY REAL ESTATE TAX IF A PROPERTY OWNER IS EXCHANGING REAL ESTATE WITH ANOTHER OWNER?

April 26, 2017exchanging neccessary owner pay Property Real Estate tax

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IS IT NECCESSARY TO PAY REAL ESTATE TAX IF A PROPERTY OWNER IS EXCHANGING REAL ESTATE WITH ANOTHER OWNER?

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Yes, but when property is only exchanged then the owners have the right to seek exemption from paying real estate tax on newly acquired property and be able to receive a legal title.