Underwriting property taxes multifamily

[Jason Rosenblum]

Hi all,

Am currently looking at a 256 unit property and trying to anticipate where property taxes will be after sale.

Can anyone help shed some light as to what to look for? the current assessed value of the property is 6.13m where purchase price would be near 11.3M, i am anticipating based off this that there is a good chance the property taxes will double but i am not sure if assuming so is correct.

Thanks!

[Tj Hines]

@Jason Rosenblum whats up brother? Glad to see you on here. Very cool. We usually contact the local county tax assessors office. Let them know what the new take down price would be and they should be able to give you a solid estimate of the newly reassessed tax value will be. Some counties have the ability to produce an estimate using tools on the property appraisers website.