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Updated about 6 years ago, 11/24/2018

User Stats

9
Posts
1
Votes
Michael Workman
  • JBMDL, NJ
1
Votes |
9
Posts

Tax Assessment Decrease

Michael Workman
  • JBMDL, NJ
Posted
I found a house being advertised as turnkey and still passing the 2% rule. They even toted a abnormally small property tax for the area. However when I looked it up the property tax has been cut in half In just the last year because the tax assessment declined 50%. What does this mean? Why would the investor be trying to get rid of a lucrative investment that just happens to coincide with the year the assessment declined substantially?

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