I recently watched a buyer close on a beautiful three-family home in Providence's West End. They'd done their homework—or so they thought. They looked at the seller’s tax bill from the previous year, saw a manageable number, and factored that into their mortgage math. Six months later, the new bill arrived, and the owner nearly went into cardiac arrest. The bill had spiked by 40% because the previous owner had a long-standing homestead exemption that the buyer didn't realize they had to re-apply for—and more importantly, the city had just completed a statistical revaluation. That oversight cost them over $4,000 in the first year alone. This
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