I've seen mentions that property tax is assessed at 35% of the appraisal. So a 3% tax rate on a $100k house would be:100,000 * .35 * .03 = $1050/yearHowever, the Cleveland County Tax Calculator does not include the 35...
Hello,I’m new to RE investing and looking for my first investment property. I’m considering a triplex in Cleveland Heights, OH 44118. If purchase price is $300K, can you please help me understand what the property tax...
Can anyone shed light as to why the property tax on a 500k multi unit would be 13.5k? I found a property that looks like a great deal on the surface but when i run the numbers the taxes kill it. Is this just an Ohio t...
This is a rather broad question which may be covered by respective statutes, however is there a maximum interest rate/penalty levied for tax lien redemption? I am curious of how high a principle interest rate is possi...
Hey everyone,I'm in the learning phase of how to conquer my first house hack. After coming up with numerous ways to analyze a property, I realized that the one thing I'm truly unsure about is how to calculate property...
I recently purchased my first home a few months ago and paid $7,500 for a rate buydown from 6.75% to 6%. I was told at the time that that I would receive that same amount as a tax credit. From my understanding the ta...
Hi everyone, does anyone know if there is graduation for the unrecaptured section 1250 gain for selling depreciated real estate? A lot of sources say it caps at 25% but I am wondering if that is flat or not.
Hello, I'm not sure if this question was asked before but what are the best cities and/or states that have the best property tax rates? What I mean is, I know in certain locations when you change from owner-occupied t...
Hello all! need your help once again :) does anyone know what AZ state capital gains tax rate is? I've research all over the internet but I come up with 3.4 - 4.95. Trying to decide whether doing a 1031 is worth it ...
I have a rental property that I am thinking of selling soon. I want to determine the tax rate and amount I will pay when I sell it. I have a marginal federal income tax rate of 22%. No 1031 exchange. For example: I pa...