Hi BP, could someone please provide a quick way to calculate (roughly) how much property tax assessment be for a multifamily apartment building.
@Mitul Rana have you tried going to your county accessor's website and look up what last years taxes were? This is how you look it up on any property. Not sure if its different for a big apartment complex or not though. If it is different, I am curious to know myself.
Hi Ryan, I am just at the preliminary stage of analyzing this property which is in a different state that I live in. In fact, my broker just sent it to me earlier today to review.
I was just looking to see if there was some sort of a calculation that can tell me quickly what the property tax would be, roughly, on this property. From my initial analysis, it seems a bit high to me so I wanted to run it through a "rule of thumb" calculation, if there was any. Then, I'll know if i should pursue further or pass.
Originally posted by @Chase Gochnauer :
This is completely dependent on the area. I don't see how anybody could provide this to you. Where are you purchasing?
Maybe I am confused, but how can you say that there is no way to obtain this information? Property taxes on any property is public record right?
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