Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 07/07/2020
Property Tax Assessment
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?