Good evening everyone,
I'm told there is a higher level of property taxation for anyone buying real estate as an investment property.
Can anyone provide an example or resource that would give me some insight as to how this will affect me?
A personal example would be great.
You’ll be able to find it with a little work on Google. Was a big to do here in town about a decade ago when the state switched to market value assessments. Ended up with with tax caps based on the property use. A residence would be 1% cap of assessed value while a rental house would be 2%. So if you are buying to hold and rent from somebody that was claiming house as a residence there is a good chance the taxes will double for you the following year.
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