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Updated over 6 years ago,

User Stats

63
Posts
15
Votes
Eric H.
  • Bend, OR
15
Votes |
63
Posts

Anyone familiar with property taxes in the Cleveland area?

Eric H.
  • Bend, OR
Posted
I'm currently looking to buy a house in the Cleveland area that has some massive cash flow potential but it seems the property taxes just dropped 45% this last year. For the last 10 years or so the property taxes were around $2,500 a year but last year they dropped to about $1,500. This will be my first investment property and I just bought my first primary residenceast year so I'm not quite sure how taxes work yet. Is this a red flag that the taxes could double in the near future? What is a typical reason for such a drastic decrease? My concern is that the property taxes will only be at this level short term and then go back up and ruin the cash flow. Thanks

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