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Office Condo Development and Taxes
I am doing the math on an investment into a developing office-condo project. They have started selling units but haven't broken ground yet.
I asked the listing broker about taxes and they replied:
"Since they will be deeded as condos you will pay the taxes as assessed by the county"
Unless I am misunderstanding something, they are asking me to consider purchasing without knowing what my tax bill will be. Is that right? That doesn't seem to make sense.
Thoughts?