Good evening all,
When I am running my numbers on an investment property and I am supplied with the property tax from the owner, how do I calculate the increase in property tax based upon its sale? Also, will the property tax always increase upon a sale?
Depends are where you are....here, the sale price of the property is irrelevant as they use general comps, some places may use your purchase price.
Thank you Wayne for the advice, it was very helpful, much appreciated.