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...
Gary Kurtz
How Do You Assess What Would Work In A Small Town?
I live in a small (8000 population) an hour and a half south of KC. We are the county seat and the population of the county is about 25k. In my opinion the town is not as health economically as what it was even 5...
Scott Bolinger
How do I figure out special tax assessments on a property?
I'm looking at purchasing a property, and I want to find out if there are any *extra* taxes beyond property tax. For example, sometimes you get a big bill to improve roads or schools.How would I find out if a property...
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...
Zev Dobuler
Does the purchase of a property trigger an updated tax assessment
I’m looking at properties in Rochester NY that I’m considering purchasing at 25% above their current assessed value. Should I use in my projections the current property tax amount or should I assume that since I’m pur...