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Updated about 2 years ago on . Most recent reply

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21
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16
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Mike Montanye
  • Queesbury, NY
16
Votes |
21
Posts

Property Tax Question

Mike Montanye
  • Queesbury, NY
Posted

Total noob. Shopping for our first rental.

Some of the properties have taxes around $600/yr and others are $3000. Is there a deeper level thinking I might be missing when factoring that into our decision?

I’m just wondering if anyone has a particular strategy, when looking for a rental property, that uses the property taxes to make or break the deal. If anyone could provide me with the proper way I should be looking at property tax as it pertains to buy and holds it would be appreciated.

Thanks.

Most Popular Reply

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531
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330
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Carini Rochester
  • Investor
  • Rochester, NY
330
Votes |
531
Posts
Carini Rochester
  • Investor
  • Rochester, NY
Replied

Different areas of the country tax real estate quite differently. If these are in different states that could explain it. In my area the local city/town taxes R.E., also the county, also the school district. Make sure your numbers are including all entities.

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