SouthWest of DFW - Taxes

[Naveen Desai]

Hi,  

    I am evaluating to purchase a property south of DFW wherein the county Tax records show that the taxes are nearly $4500 with assessed value of $158000. (Market price may be even higher).  With expected rent in the range of 1350 - 1450, it looks like complete 3 months rent is going to taxes. Is this standard in the region? Appreciate your pointers and is there any ways to reduce taxes if at all possible? 

Thanks. 

Naveen. 

[Jeff Richardson]

@Naveen Desai Yes, the property taxes are typically 2%-3% in the DFW area. You can most certainly protest the value of the property with the County appraisal district and a lot of investors win. We typically see about $1,000 shaved off of our taxes owed on our 9 properties each year and that is with us splitting the savings with the company that protests for us.