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Updated almost 8 years ago, 02/20/2017
Property tax after purchase
I am looking for advice on how to forecast property taxes for my financial model. The way that I see most brokers represent the property is to take current property taxes and keep it constant or increase it marginally. Some of the properties that I am looking at have significantly lower property tax valuations than the proposed purchase price. After I purchase the property, will the property tax valuations true up to the transaction price or do they stay relatively flat? This could have a huge impact on the P&L. Any advice would be much appreciated.