Assessment- how does it relate to taxes

[Olga Andrukh]

Hello all!

I am looking to buy my first multi family but need to make sure I understand my monthly payments to find the best deal. Unfortunately this includes figuring out taxes. I am trying to wrap my head around assessment value of the home. I heard 50% of the appraisal value but not sure if that is ALWAYS the case.

Is MLS tax data accurate? When buying the multi family, can I count on this tax data for calculating my mortgage payments?

If not, how would I be able to calculate assessed value or the taxes for the home?

I am looking in Detroit area if anyone from here can chime in.

Thanks!