UNDERWRITING DEALS/FIGURING OUT PROPERTY TAXES HELPP!!!!

[Chad A Burge]

I am looking to purchase my first property here soon and started underwriting deals a couple days ago and thought I was doing it correctly based on asking price and everything was coming back with big cash on cash returns. Then when I was trying to calculate property tax I realized I needed to figure that out based on assessed value of the property. So now I have two issues, when I use the taxes provided by many of the PnL statements I find attached to the deals I am looking at like 3-6% cash on cash returns which I feel like is stupid low considering before that I was looking at 15-20% based off of asking prices. Second issue is I have only found one property with it's assessed value posted on the county's auditor website, all of the other properties I have looked at I can not find assessed value anywhere. 

Please help! I know I am doing something wrong when it comes to the math of the property taxes and I need help finding assessed values. 

Thanks!

[Lee Ripma]

@Chad A Burge It depends on where you are but usually you can just look up the current property on the county website. The taxes may be based on assessed value but the taxes themselves are usually posted. Do some digging and you should be able to find this info!