Estimating Future Property Taxes

[Michael Watford]

Hey BP,

I am looking at purchasing a home in Warren, MI. The numbers all make sense but when I call the city/county they are estimating the taxes to be $4200 next year on a 117k sale price.

If that turns out to be true the cash flow goes negative.

Looking at the area I can see other homes that sold in 2021 for 150k+ that only paid 1-2k in taxes in 2022.

I can't find any homes in the area paying 4k+ taxes.

I am very confused on how to properly estimate property taxes.

Has anyone else ran into something similar? Got any advice

Thanks in advance!