Property Taxes help needed

[Marco Lopez]

Hello everyone,

Property taxes in my area have risen substantially every year since 2007. As you maybe aware these taxes hurt the NOI.

My question:

Have you had success DIY or 3rd party with lowering non-homestead tax valuation? If so, please share. Thank you!

Marco

[Johann Jells]

Originally posted by @Marco Lopez:

@Johann Jells

What do you think about using an appraisal from an attempted refinance? I read on a different post that appraisals when doing the BRRR strategy come back very conservative.

So, this could be efficient. Acquire a property. Do the value add. Refinance in 6 months. Use the appraisal to protest taxes.

BTW this is just a theory.

Marco

From what I've heard around my area, all that matters is comps. It's not their first rodeo and they surely know that appraisals are a scam and aren't worth the paper they're printed on. I can rant at length on that topic. As you said above, plan to be taxed at FMV, if you get lucky, that's gravy.