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Updated almost 7 years ago on . Most recent reply

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Scott Bolinger
  • Investor
  • Mission Viejo, CA
20
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How do I figure out special tax assessments on a property?

Scott Bolinger
  • Investor
  • Mission Viejo, CA
Posted

I'm looking at purchasing a property, and I want to find out if there are any *extra* taxes beyond property tax. For example, sometimes you get a big bill to improve roads or schools.

How would I find out if a property has anything like that attached to it?

The property in question is 

16665 Kenwood Ave

South Holland, IL 60473

I already called the county assessor and looked up the property on their website. It was not very helpful.

Thanks!

Most Popular Reply

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Dave Van Horn
#5 Real Estate Events & Meetups Contributor
  • Fund Manager
  • Wayne, PA
1,625
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Dave Van Horn
#5 Real Estate Events & Meetups Contributor
  • Fund Manager
  • Wayne, PA
Replied

@Scott Bolinger 

There can be. Aside from property tax, you could have HOA Fees or condo fees, depending on the property. There are also what are known as "special assessments" like what you described (among other things) and you'd call the borough or township office to ask if there are any special assessments in the works for where your potential property is located. If you have a realtor in the area, they might also be able to offer insight.

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