Cleveland area property taxes
Hi all, while looking on Zillow at Cleveland area properties I've seen some pretty good deals on duplexes. But then when I look to see what the property taxes cost it kills the cash flow. I've been looking in places like Lakewood and Parma. Sample property would be $115k or so but with $3500- $4000 in property taxes. I saw one place they was $85k or so with $9000 in property taxes, what? I can't imagine why someone would buy that property so seems like the owner is stuck with or just gives it up. Is it a situation where up and coming neighborhoods have low property taxes now but they gradually rise? If someone could shed some light on this subject I'd appreciate it.
Thanks
Wayne