Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Current Tax Levy affect on rental property investment
I am looking at properties in El Paso Texas by using the city of El Paso's website to look up taxes paid yearly on different properties I am analyzing. I see 1 property, a quadruplex, has a "current tax levy" of $7,639.98 and that the owner paid $1,289.89 in February of this year. What is a "current tax levy" and does that have any effect on me if I choose to buy the property? Is the tax levy the amount owed in taxes every year or what is still owed?
Thank you,