If so, I would like to schedule a conversation with you regarding multipliers and cap rates for the billboard industry.

That formula takes the property’s assessed value from the tax assessor, multiplies that by a factor that can be found at the PA Department of Revenue website, and then multiplies that value by the transfer tax percentage that is in effect for the property’s location, giving you the transfer tax that is due.That method could result in you having to pay an even higher transfer tax if you bought a property well below market value.

When the property in question is in a distant location, the challenges multiply.

Which you can pull the ADR and occupancy from Airdna and then multiply that times the rooms.One thing I want to point out with commercial properties like this.... it's important that value to the property can be added.

Should I be multiplying the millage rate by the ARV, purchase price or the prior taxable value?

I estimated the landlord insurance cost per year by multiplying 25% by what I currently pay for my home insurance = 800 * 1.25.

But a rehab in a good location will get you 1.3-1.4 rent multiplier.

I can’t speak to the nominal purchase price question, but for taxes, you can get the assessed value from the Atlas site and multiply that by the current tax rate (1.3998%).  

You can easily multiply your unit count with a multi, consolidate taxes which your CPA will like and put everything under a single roof and pool of resources like maintenance and management.

So take the ARV (after repair value) and multiply it by .7 to represent 70%.