Brachel Jones
Fees To Assess When Barring Right Of Redemption After Tax Sale
Hi!! I purchased a tax deed in Georgia on August 2015. Yesterday I started the process to bar the right of redemption. I know that I cannot charge the owner any rents for the first 12 months, but am wondering if I can...
John Looplas
Is it better to have low assessed Land / Improvement value ratio?
I bought a property in CA for about $1.5M. I just got a letter from the assessor's office that the new assessed values are 1.35M for the land and $150K for the house. The total is correct but the ratio is clearly wron...
Daniel Tamayo
How to assess risk on rental property in low-income neighborhood?
Hi,
I'm thinking of buying my first rental property in a low-income neighborhood in Memphis called Frayser (38127). My question is, ASSUMING everything's fine AT THE OUTSET (good management company, no aband...
Tylere Weaver
What to expect in tax adjustment when buying above assessed value?
when looking at a property and the assessed value is less than the listing price how does one figure out what the new tax rate would be. For example if a 5 unit is assessed for 100k and taxes are 10k a year. The 5 u...
Josh Stack
How do you assess the "Path of Progress" for a city?
Evening BP!I hear the 'Path of Progress" discussed on the podcast regularly and often. It's usually vaguely defined or even just alluded to without much in the way of specifics but I take it to mean the geographical ...
Account Closed
Be careful with your assessments of 'value-added' (can be BS)
How many have bought based on a nice list of value added (VA) possibilities and then crushed it with higher rents or income based on those VA elements? The short answer is few..... An ethical seller will in fact leave...
Robert McCormick
Tax Assessment Value Doubled - Will Annual Taxes Double? (Sussex County NJ)
The current tax assessment value of my property is $119,700 and I pay $4,188.30 annually in taxes. (2023 tax year)My house was recently revalued by an appraisal company with a 2024 assessment of $254,000. Does this ef...
Anx Carter
Tax Purposes - Cost Basis for Depreciation - Appraisal Report VS County Assessment
Hi All,
Newbie here. I purchased my home in 2019 however put it as a rental only in 2021. From 2019 county records, land is 86% of the total value of the property which is not realistic. I do have a home appraisal...
Lisa Wilson
HOA does not have Reserves. Community didn't approve Special Assessment. Sell?
Hello, I own a townhome in a Community. The community has private roads not maintained by the City. There have been many water main breaks (significant issues with pipes) over the last few years. At this rate, the HOA...
Uwe K.
City interior inspection for tax assessment - should I let him in?
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...