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Updated about 3 years ago on . Most recent reply
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New investor insurance confusion
I'm underwriting a property and I'm trying to implement property taxes into the expenses but they aren't listed in the t-12. Any tips on figuring this out?
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Originally posted by @Charles Seaman:
@Jonathan Bell Your best bet is to contact the tax assessor in the area that you're looking for properties in. Property taxes will vary from area to area and there can often be substantial increases upon a sale. You need to understand when the reassessment will occur, how the valuation will be determined, and if a sale will have any impact on when the reassessment will occur.
Thank you Charles!