Updated almost 11 years ago on . Most recent reply

Is there a difference between the property taxes residential verses investment property?
A friend of mine who is not a real estate investor said they knew of someone whose property taxes doubled when they switched the property to a rental. This seems crazy to me but I wanted to run it by you before I discounted it. Is this something any of you have run into? Thank you.
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Wayne Brooks
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In most areas, a homeowner gets a partial exemption, resulting in lower rates verses a non owner occupied property. It's easy to determine by looking online at the local tax collector's site.