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Updated about 3 years ago on . Most recent reply

User Stats

66
Posts
17
Votes
Jonathan Bell
  • Investor
  • Atlanta, Ga
17
Votes |
66
Posts

New investor insurance confusion

Jonathan Bell
  • Investor
  • Atlanta, Ga
Posted

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? 

Most Popular Reply

User Stats

66
Posts
17
Votes
Jonathan Bell
  • Investor
  • Atlanta, Ga
17
Votes |
66
Posts
Jonathan Bell
  • Investor
  • Atlanta, Ga
Replied
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!

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