Commercial multi family

[John Wilson]

I just closed last week on my first commercial Multi family property, nine units.   I’m looking through my paperwork/Closing documents ,loan documents etc. and I’m trying to calculate how much my monthly property taxes are going to be. The big difference I’m noticing with commercial versus residential ,is with commercial ,everything is separated ,and not rolled into one payment , loan amount, property taxes, insurance.   I’ve got the loan amount, I’ve got the insurance Amount, how would I go about  figuring out how much the tax is going to be ?    

[Rolly Weaver]

This info can be found on your online Qpublic, or by calling the county.

Another thing to remember, if the property was owned for many years, its possible after purchase that you'll have a tax assessment and your taxes will go up, so do yourself a favor and plan for that.