Multi unit purshase and county/local property taxes re-assement
Disregard post. I am no longer purchasing this property.
Hi,
I am looking at purchasing a 50+ multi unit in Texas, but do not have experience in that state regarding property taxes re-assessment upon sale. Is it like in CA, roughly based on sale's price X county/city tax rate %?
I know that sale's price doesn't always gets disclosed in TX vs CA where it is public information and CA assessors use it for the assessments.
Any guidance would be appreciated
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Developer
- Coltov, LLC