For a new development, when is prop tax assessed & at what value?

For a new development, when is prop tax assessed & at what value?

Member since 2018 · 5 posts · 0 votes

I am trying to calculate the NOI & cash flow on a rental property that I am building with my money. If I refi after building the rental property, does the county/city assess a property's tax value after Certificate of Occupancy? And if so is it based on developer's expenses or comps in the area? Or is the Property tax based on the Land price, until the completed property(and land) are sold?

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