Why is knowing the Property Tax important?

[Lee Sillemon III]

Why is knowing the property tax at the beginning of purchase important? Say I'm purchasing a multi-family.

[Mack Benson]

It is especially important in multifamily so you can properly underwrite the property. You should also call the county assessors office to get an estimate for the tax increase when you purchase the property. It's possible that the taxes may double or more shortly after a purchase. Knowing this can help you buy right.