That is where you can see the assessed value.

Hey @Karthik Natarajan:The Franklin County Tax Assessor website (https://www.qpublic.net/ga/franklin/) will tell you the current assessed value of the property, the tax rate (i.e., millage rate), and estimated property tax.The Franklin County Tax Commissioner website (https://pay.franklincountyga.com/) will tell you the actual property taxes for the current year and previous ones.

It's currently assessed at just under 500K.

Work with a real estate agent Make sure to thoroughly check out potential properties by conducting inspections, condition assessments, financial analysis, and reviewing zoning regulations.

Unless my assessment of your situation is wrong based on what you've provided, you will be required to utilize Schedule E, and cannot classify this under Schedule C. 

Benefit: Assess whether the cost of hiring a CPA is outweighed by the potential tax savings, reduced risk, and the value of your time saved.Your Comfort Level: Consider how confident you feel about handling your tax situation.

Property taxes and upcoming assessments are public records.Only you can determine the level of renovation you will want to do on the first turnover and what it will cost you and the cost of the level of maintenance you plan to provide.We have a team that goes in on inspection day and we document every maintenance issue we can find.

Ours went up drastically this year due to rising assessments causing much higher real estate taxes, and insurance went up over 10%.

Meaning, the lender will usually determine the average tax % for the area after improvements have been made and they'll use this amount to determine your debt ratio as opposed to the original/artificially low taxes that are assessed on the raw land.     

Here’s a great book to help with this: Real Estate by the NumbersAnalyze and assess your objectives and goals.Are you on track to meet your goals?