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Updated over 4 years ago, 07/07/2020

User Stats

22
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5
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MaryAnne Burrows
Pro Member
5
Votes |
22
Posts

Property Tax Assessment

MaryAnne Burrows
Pro Member
Posted

We are trying to understand how assessments for property taxes may affect our deal when doing the BRRRR method.

We are buying a house for $50K, putting in $20K for rehab. Our ARV will be around $105K. We plan on refinancing $80K.

Currently the house is assessed at $46,400, with property taxes currently around $928 for the year (taxes are 2% for rental properties where we are currently investing).

How can we get a clear answer if our property taxes will go up next year after it shows a higher appraisal when we refinance?

  • MaryAnne Burrows
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