Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply

Property Taxes - Learn from my mistake
I made the error in using information from Zillow on the cost of my property taxes. I dug deeper into the cost by going to the county's website and the rate was higher. There are also annual fees for trash and stormwater services that I'll have to pay. The error doesn't kill the project but it does impact the cash flow amount.
The error was my fault. It wasn't difficult to find out what the current tax bill was/is for the property that I was looking into. I know that market values can & will change, causing an increase in the taxes. Either way, I will not be making this same mistake again.
Hope you can learn from this mistake