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Updated almost 8 years ago, 02/20/2017

Account Closed
  • Winston Salem, NC
111
Votes |
94
Posts

Property tax after purchase

Account Closed
  • Winston Salem, NC
Posted

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.

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