19 Aug Actual lot size vs. reported lot size of property vastly different
I'm in the process of buying a home, the owner has accepted our offer! In doing more research into the house I discovered that there might be a discrepancy in the listed lot size vs the actual lot size. Property tax records show the lot being .82 acres, but in parcel maps it shows the lot as .46 acres. Even before doing a survey, I believe the .46 lot size to be correct because it just doesn't feel like .82 acres no matter how you measure and all the surrounding lots are approx .5 acre in size.
So immediately some questions came to mind. What is the reason for this and why wouldn't the previous owner correct it? If the lot is indeed smaller than listed, should I ask for a price adjustment? Will this amount to any significant property tax reductions?
I will ask my real estate agent and lawyer for their guidance, but I also would love to hear from the brilliant minds of this subreddit.