Updated almost 4 years ago on . Most recent reply
Tax increase on new Sales
All - I am MF investor in mid-west. I invariably see that there is almost certainty that taxes will be increased by the county. In my own personal investment I have seen taxes increase by more than 100%. It happened twice with me, taxes were ~10K and became 22k after 6 months of sale. I went to court and fought my case but of course no use. I am now looking at multiple MFs but the moment I add my forecast of tax increase (new market value, new assessed value and increased tax calculated from the county calculator), the deal becomes worthless or is at least not in the range I am looking at. It happens on every analysis I do. I know about entity transfer (drop and swap) but that really does not help, School districts have become savvy (or just notorious) and will still increase the taxes. Can someone share some pointers here? I am looking for advise.