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Updated over 5 years ago on . Most recent reply

User Stats

61
Posts
44
Votes
Raymond Y.
  • Jersey City, NJ
44
Votes |
61
Posts

Allentown Property Taxes Going Up 27%

Raymond Y.
  • Jersey City, NJ
Posted

Just saw this on the news. Anyone that is local that has intel on the situation? For anyone thinking about investing in Allentown / Lehigh Valley, remember to include this tax increase in your calculations.

@Justin Brown @David Ribardo

http://www.wfmz.com/news/lehigh-valley/allentown-r...

Most Popular Reply

User Stats

193
Posts
177
Votes
David Ribardo
  • Real Estate Agent
  • Allentown, PA
177
Votes |
193
Posts
David Ribardo
  • Real Estate Agent
  • Allentown, PA
Replied

Definitely swings the numbers a little bit, but the extra ~$500 / year for a SFH or duplex shouldn't change the game too much. Just have to factor that into your numbers when running deals and offer at the right price. Allentown will still be attractive to investors.

It will be interesting to see if landlords pass this cost on to their tenants and market rents go up about $50 / unit over the next year.

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