I tried searching on the forum and couldn't find this. What's a good tax rate to use in my cashflow model for my STR in the smokies>? also what's an estimated snow removal/landscaping per year - $1000?
It's tough to estimate though because property taxes in TN do not get reassessed when there's a change in ownership (only reassessed once every 4 years I believe), and the county appraised value used for assessment is usually much lower than the property's actual appraised value. So you'll really just have to look up the taxes for each property you're analyzing, which you can do here: https://tennesseetrustee.org/?...
It's tough to estimate though because property taxes in TN do not get reassessed when there's a change in ownership (only reassessed once every 4 years I believe), and the county appraised value used for assessment is usually much lower than the property's actual appraised value. So you'll really just have to look up the taxes for each property you're analyzing, which you can do here: https://tennesseetrustee.org/?...
Zero for snow removal for us ever. I pay $35 a week for bi-week yard care at all of our cabins. They do the yard care from middle of March through October.