Giant increase of property tax. How do I avoid this?
I went to buy a home for a rental and the taxes changed from $50/month to $300/month. For years it was always $50ish and even some of surrounding homes are still at this old rate. And some homes will have a random house in that area go up 3x-5x the taxes.
You buy it and run your numbers and then bam your renter is in there at a decent rent and now youre losing money because the taxes changed.
Have any of you dealt with this or how did you how would you handle it?
Also, anyone buy a property like this and did the taxes drop afterward?
Anyway to predict or protect against this?