When values were high, the property appraiser grabbed the sales price and hiked the taxes to match the new sale price imediately! NOW, if you buy a house for a cheap price, they don't want to hear anything about it. and if you ask them why they don't assess the property at the new sales price, they say that you got a bargain and they don't have to use the sale price as a tool for assessing your property. Hey Volusia County, A property is only worth what someone is willing and able to pay for it. A class action suit may wake them up though.