Calculating Numbers on a Rental Property

[Blake C.]

Hi guys, I've been trying to learn how to accurately calculate the numbers on a potential rental property.  So far I have a decent idea of each of the expenses but I am stuck on a few.  @Brandon Turner had said in one of his videos that the tax rates for properties can be searched for and found on my county's tax assessor's website but I can't seem to find it, either I am on the wrong site or I am not navigating properly.  I live in Manchester NH (Hillsborough).  Also, how would I go about finding out how much insurance would cost? Thanks

[Emilio Betancourt]

Hello, Blake! I am in Nashua. I am in the process of buying a property in Manchester. You can use these two websites to get the tax assessment. 

Tax rates: https://www.manchesternh.gov/Departments/Assessors...

Tax assesment values: http://gis.vgsi.com/manchesternh/

You can then use this formula:

(tax rate/1000) * ratio (2016 it was 96.8%) * assessed value

For example: 

Tax rate=$23.14 per $1000.00 of assessed valuation.

Ratio= 96.8%

Assessed value=  200,000.00

In this example

(23.14/1000) * .968 *$200,000 = $4,479.90