Rental Property Investor · San Francisco, CA · Member since 2017 · 206 posts · 138 votes
Hi! Just bought my Multi in 2018 and now just got my adjusted tax bill. It went from $$$$ to $$,$$$. Almost 2.5 folds. I guess assessor went on purchased price of the property. Anyone tried fighting this? I was told by some not much they could do. Thank god I pushed rents and forced some appreciation but there went all my profits. Ouch!!!
That system is insane. You are correct, I have not heard of the back taxing happening here in Texas unless it involved a homestead exemption that should not have been applied.