To determine the assessed value, multiply the taxable value of the home ($200,000) by the assessment ratio (35%): $200,000 X .35 = $70,000 assessed value.To calculate the tax, multiply the assessed value ($70,000) by the tax rate (.035): $70,000 x .035 = $2,450.00 tax for the fiscal year.If the home has already qualified for a 3% or 8% tax abatement, taxes will be figured on the assessed value from the base year it qualifed.

Besides property values, start analyzing your standing for mortgage qualifications such as your credit score, savings for down payment and closing, income requirements, and loan types.

Request background check through a site like Zillow and pay the fee using the application fee provided by the applicant and review the provided report to ensure the applicant actually does meet your qualifications.

Assuming you meet all the other qualifications. 

Hi All,
I'm trying to qualify for a HELOC. The problem I'm running into is two-fold:
1) Many banks still have a moratorium on these due to COVID
2) Debt to Income qualification
On #2, I bought a triplex last Septe...

The problem I'm running into is two-fold:1) Many banks still have a moratorium on these due to COVID2) Debt to Income qualification due to unique rental income situationOn #2, I bought a triplex last September, one unit was delivered vacant, I spent a couple months renovating it, then filled it a couple months ago.

You need to jump in, get as many leads into the funnel as you can and have a process of pre qualification and qualification to help you sort it.  

Before buying a home, or even start visiting open houses, you'll need a preapproval. a pre-approval or a pre-qualification is a position stating how ready you are to buy a home.

And part of the building income would contribute to your qualification of the loan.   

Filter out anyone who isn't qualified (you should have qualification standards for income, credit and references).