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Updated over 2 years ago, 07/26/2022
Property Tax Burden (GA, South East) - Multi Family & Commercial
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.