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Updated over 5 years ago,
Property taxes for a $100k house in your market?
I've been analyzing small multifamily deals for the last year or so and familiarizing myself with my market (Green Bay and Appleton area in Wisconsin) while I finish up college. Anyway, as I do my analysis I notice that property taxes eat up a large part of the cashflow in my area.
For example, one duplex I analyzed was assessed at $120,000 and the annual total net tax is $2,800. Deals are still to be had in this area, but the taxes make finding great deals challenging.
Just curious to hear what some of you guys are paying in property taxes in your market for properties around $100k.