Not a lawyer, but for the purpose of a property tax assessment, DC recognizes the actual sale price in an arms length transaction within the past year as the property's appropriate fair market value.
Take it to court if you have to. If the FMV was more than what you paid for it, the seller would not have sold it to you for that price.
amsterdan87 t1_j4xr475 wrote
Reply to comment by abovethe_clouds in Excise tax insanity at the DMV... More than the cost of the vehicle! by abovethe_clouds
Not a lawyer, but for the purpose of a property tax assessment, DC recognizes the actual sale price in an arms length transaction within the past year as the property's appropriate fair market value.
Take it to court if you have to. If the FMV was more than what you paid for it, the seller would not have sold it to you for that price.