Real Estate By The Numbers - NOI calculation

[Christopher Mooney]

Hi all,

I've been reading through Real Estate By The Numbers by J Scott and Dave Meyers. It's really thorough and a great read so far!

I'm caught up on their breakdown of NOI. They say Net Income = Operating Income - Taxes - Interest.

So if someone owns multiple properties, in theory we should be able to attribute how much you owe in taxes for every property individually? I've always seen it from my CPA as one bill, i.e. this year you owe $3000 over your 8 property portfolio.

Am I interpreting or thinking about this wrong?