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Updated over 5 years ago on . Most recent reply

Ryan McEnroe's profile image
Ryan McEnroe's profile image
Ryan McEnroe
  • Rental Property Investor
  • from Cincinnati, OH
  • Member since Dec 19, 2018
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Ryan McEnroe's profile image
Ryan McEnroe's profile image
Ryan McEnroe
  • Rental Property Investor
  • from Cincinnati, OH
  • Member since Dec 19, 2018
Connect
Ryan McEnroe
  • Rental Property Investor
  • Cincinnati, OH
4
Votes |
10
Posts
Tax, SDIRAs & Cost Segregation

How can the market value and tax value be so different?

Ryan McEnroe
  • Rental Property Investor
  • Cincinnati, OH
Posted

I put in an offer on a house today and I was wondering about the tax rates. The asking price of the house is $155k and the tax assessed value is $16k. The property last sold 5 years ago for $10k. This is really confusing to me because the house seems like it's in 7/10 condition and the cap rate is great for it. Any ideas? This is in Hamilton County, OH

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