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Updated almost 6 years ago on . Most recent reply

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160
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Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
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Different property tax rate for buy and hold investors?

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted

I'm looking to buy and hold in Fort Wayne Indiana which is in Allen County.

The website gives a calculation on property taxes but I'm wondering if it's accurate for me as an investor?

Does it take into account tax assessed value, purchase price, or appraised price?

I've reviewed another investor's portfolio and it seems to be double the tax rate cited on the county tax assessor website.

Any experience here?

Most Popular Reply

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Basit Siddiqi
  • Accountant
  • New York, NY
3,672
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8,144
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

@Thuy Pham-Satrappe

You should check the assessor's website for the property tax on a property.

Owner-occupied property owners may pay less in property taxes depending on the county. This is a result of the homestead act.

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Basit Siddiqi CPA
4.9 stars
75 Reviews

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