I recently had an offer approved on my first potential B&H but the taxes are high for the area (one reason I was attracted to this area was the lower taxes) The numbers still make sense with he high taxes but they are almost $8500 per year when most other properties are under $6000, that $2500 is a huge cashflow killer. They have program around here called "Star" which generally lowers taxes around $1000 per year and pretty much everyone qualifies for. But even still I feel that the taxes are uncharacteristically high for this property. One thing I thing I think may be affecting the tax rate is someone converted the garage into a bedroom with a bathroom (which id be getting rid of)
this is the history from zillow
| YEAR | PROPERTY TAXES | CHANGE | TAX ASSESSMENT | CHANGE |
|---|
| 2014 | $8,380 | +20.3% | $2,000 | -- |
| 2013 | $6,964 | +2.8% | $2,000 | -- |
| 2012 | $6,776 | +2.3% | $2,000 | -- |
| 2011 | $6,625 | +9.2% | $2,000 | -- |
| 2010 | $6,065 | +4.1% | $2,000 | -- |
| 2009 | $5,825 | +2.8% | $2,000 |
Here is a similar house across next door and one down the street
| YEAR | PROPERTY TAXES | CHANGE | TAX ASSESSMENT | CHANGE |
|---|
| 2014 | $6,109 | +2.9% | $2,045 | -- |
| 2013 | $5,939 | +2.9% | $2,045 | -- |
| 2012 | $5,769 | +2.3% | $2,045 | -- |
| 2011 | $5,637 | -9.3% | $2,045 | -- |
| YEAR | PROPERTY TAXES | CHANGE | TAX ASSESSMENT | CHANGE |
|---|
| 2014 | $7,154 | +2.7% | $2,000 | -- |
| 2013 | $6,964 | +2.8% | $2,000 | -- |
| 2012 | $6,776 | +2.3% | $2,000 | -- |
| 2011 | $6,625 | +9.2% | $2,000 | -- |
| 2010 | $6,065 | +4.1% | $2,000 | -- |
| 2009 | $5,825 | +2.8% | $2,000 | -- |
Id like to get the taxes down to increase the cash flow
