I recently bought a 9 unit bldg. and the previous owner had used an attorney to lower their assessed tax value.

@Tom Martinez When I close properties from Auction.com I get a special warranty deed which would take care of any assessments such as past due HOA dues and such.

Since Virginia requires all city/county assessors to be certified and all property to be assessed at FMV the assessed value meets this mark.

We have our go to grading contractor who we've used in the past assess the situation.

I think there are about a half dozen categories that cover 80% of problems.

Tax assessment is $70K.

So, I'm hoping the Bigger Pockets community can help with this question.The NYC Department of Finance Website says you calculate your tax rate by:Market Value (MV) x Class Assessment Ratio (6% for Class 1 Property) = Assessed Value (AV).

.§ 5.071.Seller's Disclosure of Financing TermsBefore an executory contract is signed by the purchaser, the seller shall provide to the purchaser a written statement that specifies: (1) the purchase price of the property; (2) the interest rate charged under the contract; (3) the dollar amount, or an estimate of the dollar amount if the interest rate is variable, of the interest charged for the term of the contract; (4) the total amount of principal and interest to be paid under the contract; (5) the late charge, if any, that may be assessed under the contract; and (6) the fact that the seller may not charge a prepayment penalty or any similar fee if the purchaser elects to pay the entire amount due under the contract before the scheduled payment date under the contract.Applicability Note [see section 3(d) of SB 198]: The change in law made by § 5.071 applies only to transactions involving executory contracts for conveyance for which negotiations begin on or after September 1, 2001.

I read about a dozen times that we can get specific lead from a tax assessor by paying a fee.

Just a few months ago I spent hours and hours scouring the MLS running dozens and dozens of calculations on dozens and dozens of properties and making some offers along the way.