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Updated almost 6 years ago,
Rehabbed my building, ready to rent, will taxes skyrocket?
Hi, first time poster but skimmed through some of the biggerpockets books, watched the youtube and hopeful for some good learning and sharing here.
Anyway I have a building that has 4 apartments and a commercial area downstairs and is rehabbed nicely and almost ready to rent. The taxes are currently about $6,000 a year total. I looked at a close by property which is already rented and taxes are $37,000 per year. They have much more units so I'm not expecting my taxes to go that high but is there a rule for this on how much it would increase? Is this in a town by town basis that I should ask my town hall where my building is?
Thanks for any info you guys and gals can provide on this.