Updated almost 2 years ago on . Most recent reply
Subject to and Taxes
Hello,
I recently acquired a property under a land contract. 6 year balloon. I'm taking over the mortgage with a 4.5 percent interest rate. I'm looking to cancel the primary home owners insurance, and get landlord insurance instead. My concern is that this will trigger a property tax increase? As I understand it, the taxes associated with the home are currently primary home taxes (i.e. lower than an investment property). Thanks in advance for your advice!
Tom