Property tax question

[Alex Volk]

So, I am new to this, and am just browsing realtor.com for multifamily units and found the property tax section. What is the additions section? And is the "Total Assessment" section the amount you would be taxed on? Thanks for any insight

[Carrianne Mucho]

@Alex Volk & @Michael Koncaba - Clarification: The Total Assessed value is the amount the current owner is taxed on.  Typically when a property changes ownership, it is re-assessed at the current market value (often the sale price).  That is the value used to assess the new owner.  This may not be a huge differentiation outside of California, but important to note here since, if the property has been owned for a long time, the assessed value may be significantly less than market and therefore significantly less than what the new owner should expect to pay.