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Updated about 2 years ago on . Most recent reply

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64
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Carolina Mejia
  • New to Real Estate
  • Duluth, GA
15
Votes |
64
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Possible property tax error?

Carolina Mejia
  • New to Real Estate
  • Duluth, GA
Posted

Ok, i found a townhouse that i am looking to purchase to do a live in BRRRR. I am running the numbers and see the property taxes listed on zillow is $320/year. I live in the is town and know its LOW. I look it up on the county website and yes its been $320 for over 10 years. The neighbors in the area are $3000-$4000/year. Why could it be so low? Is there somekind of error or if someone is a veteran, political figure i dont know something crazy like that that they would get a 90% discount? I would like to submit and offer and the taxes make a big difference of the numbers and looking at the breakdown it looks like they aren't being charged certain taxes?. If anyone has insight on why or how please let me know. see attached image for breakdown- this is a townhouse if that matters

Most Popular Reply

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6,603
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6,948
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
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6,603
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

We bought an adjoining property to ours just because we did not want any new neighbors or development. We got it classified as greenspace and taxes are less than 100 dollars a year. It is a beautiful 15 acres with direct county road access! 

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