Taxes question help pls

[Yakir Aloni]

Guys I have a question about how can I know or check if the property taxes will increase soon when I'm interested now to buy a property and I want to running my numbers on that property... ty 

[Bill B.]

Look at the county your property will be located in. That county assessor will tell you the formula and when/how they are reassessed. 

It will say something like 1.02% of the value, due may 3rd and October 10th. The values are determined November 10th or upon sale. 

You may even find states like Nevada with a huge advantage that they don’t reassses at sale and have a cap on value increases, so you can use the current taxes plus 3-8% max increase. 

But you have to watch out if you don’t do the above math.  The previous owner might be getting a discount for being blind, over 65, a veteran or an owner occupant. Or as mentioned above. Sometimes properties are only re-assessed at sale. So be extra careful on properties owned over 3 or 4 years. Good luck.