I would start with assessing what level of risk the new partner is willing to accept.

You need to realistically assess the solds and current listings and be sure you're is priced to be a good deal.

Otherwise it is common to apportion by: 1. the breakdown of land versus building from the assessment(not preferred) 2. 10% for land 3. 15% for land.

This is not like having 50 units under one roof that you can drive to and assess if the property needs any upkeep.

Matthew, what you got was some version of a risk assessment.

Get familiar with your on-line tax assessment system in your counties nearby.In short, you appear to have decent cash flow opportunities right in your backyard.

I own a 9-unit building in Millvale, PA and just got a notice that the school district is appealing the assessed value in order to extract additional tax revenue from me for 2013.Can any of you provide any advice on how to deal with this and what evidence to present?

To expand on Charles' above comment; you can avoid assessing the FMV issues (within reason) simply by stating in the purchase contract what the price is for machinery, inventory and other assets are agreed to be.

I currently have a property showing me as the owner in the State Department of Assessments and Taxation website.

As far as plumbing, electrical and the foundation, I will need to consult a profession to get an accurate assessment.