Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Swetha Duvvuru

Swetha Duvvuru has started 1 posts and replied 2 times.

Quote from @Patricia Steiner:

You need to know what the mill rate is for that property tax office in order to compute the taxes; what you're being told is customary. You can't use a previous/historical property tax as a gauge.  Go to the property appraiser's office for the county the property is located in to obtain the mill rate; they will most likely have a tax estimator option that you can actually do the calculation on right there.

Here's an article on mill rates and how they are used in property tax assessments:

https://www.investopedia.com/t...


 Thank You

We purchased a stacked townhouse and builder is asking to pay 679$ as taxes and below is the math they are giving us 

The vendor takes the total sale price x mill rate/12 to obtain the estimated monthly taxes.

Usually for property of worth 679k CAD property tax would be around 3000 CAD annually but we are asking to pay 679 CAD monthly during pre occupancy.