Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Rick Park
0
Votes |
4
Posts

Purchasing extras with property - how to not raise taxes?

Rick Park
Posted

sellfer financed. Maybe this is just a non-issue.. but if i buy a property that is worth X, but i want to include some equipment (tractor, mower, trailer) in the purchase for Y. So the total loan is for X + Y=Z. will the town look at the loan price of Z, or will they somehow know that the actual property is only worth X? is there a better way to structure the loan?

Thank you in advance for the advice. 

Most Popular Reply

User Stats

557
Posts
374
Votes
Dana Whicker
  • Investor
  • Fernandina Beach, FL
374
Votes |
557
Posts
Dana Whicker
  • Investor
  • Fernandina Beach, FL
Replied

@Rick Park The tax assessors office is affected by sale prices, regardless of what they may say to the contrary. However, they don't care what your loan amount is.

This has been my experience in FL and IN. Ymmv.

  • Dana Whicker
  • Loading replies...