Property Tax Burden (GA, South East) - Multi Family & Commercial

[Brad S.]

I am just curious how much emphasis fellow investors put on property taxes and the impact that the sale will have on future tax liability. I guess it depends on who you ask, but in my experience, property taxes are typically a property owner's biggest expense. Would you agree or disagree?

 I am curious to know everyone's thoughts and experiences when estimating/budgeting their future property taxes. Whether it's a buy and hold, new acquisition, etc., do you look at property taxes as being a deal breaker or not that big of a deal? 

Also, assessment cycles, appeal freezes, millage rates, caps, etc., vary from state to state so be sure you are looking at all variables when estimating your property taxes. 

[Brad S.]

@Jeff Costa Thanks for the reply! That would be a realistic expectation but it also depends on where your property is located because some states will drop millage rates during a reappraisal year or the rate stays flat. There are appeal strategies you could take advantage of to lower your property taxes and offset the increases year over year. Just make sure you are not just sitting back and taking it on the chin just because you expect they will go up.