If I purchase a property does my purchase price automatically become the assessed value for calculating property taxes?

This post is more to organize my thoughts and collect feedback on the direction others might take. Here goes some background information.My rental in Des Moines failed the rental inspection for the following reasons. ...

BP,I have a client that has an issue and I know the Pro's here can assist.  This client wants to sell her home but her daughter whom she agree to let stay there for 6 months has been there for 2 years and refuse to le...

I just received a notice from my mortgage company stating that they would be raising my mortgage payment $900 per month beginning in March because of an escrow shortage. The taxes and insurance both went up this year ...

Thoughts on this deal, buy and hold
4bdr, rent will be $1400-1500 monthly
REO property, sold in 2006 for approx $130K

Purchase price $46,500
Rehab $8-10K
Taxes $2554(will appeal assessment)
insurance $450 yr

I am cl...

Hello everyone, been awhile since I've posted. I've recently taken on a new venture with a hospitality company that also deals in luxury real estate. The resort requires you to become a member before becoming an owner...

Hello everyone
Does anyone have any landscaping software recommendations? I'm still trying to make a determination as to which direction I will go in the world of Real Estate Investing. I'm considering some small fl...

Looking for some help regarding property tax estimates on the MLS listings. I'm located in Pittsburgh and the city is in a bit of a tussle over property tax assessments/appeals. Right now, my partner and I are in the ...

Actually not sure if I am in the best category here:

Got a letter from the city yesterday about one of my duplexes. They offer me the opportunity (I feel so special) to make an appointment for interior inspection fo...

Hi BP,
I have a question regarding property taxes. When calculating a BRRRR deal, I usually use the current year's property tax information as the annual tax amount. However, I'm wondering if the annual tax amount sh...