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Updated over 4 years ago, 05/14/2020
Question on Property Taxes
I am a new investor. I'm looking at a property, asking price roughly 220K. The 2020 tax assessed value was 183K. If I buy this property at the asking price, will the 2021 taxed assessed value be 220K?
In general how do you factor in taxes into deal analysis. Do you look at the current year's tax assessed value plus a trend? Or do I need to budget in a 40K increased in the assessed value?