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Updated over 5 years ago on .

User Stats

82
Posts
61
Votes
AP Horvath
  • Developer
  • Austin, TX
61
Votes |
82
Posts

Office Condo Development and Taxes

AP Horvath
  • Developer
  • Austin, TX
Posted

I am doing the math on an investment into a developing office-condo project. They have started selling units but haven't broken ground yet. 

I asked the listing broker about taxes and they replied:

"Since they will be deeded as condos you will pay the taxes as assessed by the county"

Unless I am misunderstanding something, they are asking me to consider purchasing without knowing what my tax bill will be. Is that right? That doesn't seem to make sense.

Thoughts?