Rookie Question:How to calculate property tax for Rental property

[Ben Elliott]

Hello All,

    Does any one know how to calculate the property tax for rental property? I am using the county assessor's site to look up properties, but I am aware that the taxes for an investment property are going to be higher then someone using them as a primary residency, correct?

     Here is an example of what I am seeing:

Tax Year	Type	Category	Description	Amount	Bal Due
2015 Pay 2016	Property Tax Detail	Tax	1st Installment Tax	$866.00	$0.00
2015 Pay 2016	Property Tax Detail	Tax	2nd Installment Tax	$866.00	$0.00
2014 Pay 2015	Property Tax Detail	Tax	1st Installment Tax	$860.00
2014 Pay 2015	Property Tax Detail	Tax	2nd Installment Tax	$860.00
2013 Pay 2014	Property Tax Detail	Tax	1st Installment Tax	$843.00
2013 Pay 2014	Property Tax Detail	Tax	2nd Installment Tax	$843.00
2012 Pay 2013	Property Tax Detail	Tax	1st Installment Tax	$837.00
2012 Pay 2013	Property Tax Detail	Tax	2nd Installment Tax	$837.00
2011 Pay 2012	Property Tax Detail	Tax	1st Installment Tax	$810.00
2011 Pay 2012	Property Tax Detail	Tax	2nd Installment Tax	$810.00

Any help on being able to nail down an accurate number for calculating rental property taxes would be appreciated.

[Ben Elliott]

Hello and thank you @Rolanda Eldridge. I had their number but was hoping I could circumvent contacting them directly. Sounds like I better give them a call. Thanks again.

Thank you @Marcia Maynard for pointing me in the right direction. Since I am new, I was not sure if rentals would have any specific property tax considerations vs. some other type of investment property classification. Appreciate the help though. 

I did call the county tax assessor for my area and received very helpful criteria for property tax. For those that live in my area, I thought I would give back and post what I found.

(annual property tax rates)

1% tax on property assessed value: Used as primary residence

2% tax on property assessed value: Investment property

3% tax on property assessed value: If the property is unlivable, has more than an acre of land. Has additional auxiliary buildings (detached pole barn, additional garage). Also, if the property is ran as a business, it will be taxed at this rate.

So for a $150,000 property, I would be looking at around $3,000 if I was taxed in the 2% range.

Take care all!