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Updated over 6 years ago on . Most recent reply

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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
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Are these property taxes average!?

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Posted

I'm starting to look around for duplexes in the CH/UH area for house hacking. I found one for $80k that needs some improvements, and it's in a dingier-looking part of town. The property taxes are over $11k, which is more than double the property taxes for my current primary in UH. And my primary is definitely in a nicer area. 

Is it so high because it's a MFH? Would I be able to get them lowered like I did when I bought my current primary? I know Cuyahoga County is bad, but at that rate, I don't know how they'll ever sell that house. I'd never pay that kind of money for that area. It's not unsafe, just a little more run-down than where I'm at now.

  • Nicole Heasley Beitenman
  • Most Popular Reply

    User Stats

    2,958
    Posts
    2,427
    Votes
    Nicole Heasley Beitenman
    #5 Medium-Term Rentals Contributor
    • Investor
    • Youngstown, OH
    2,427
    Votes |
    2,958
    Posts
    Nicole Heasley Beitenman
    #5 Medium-Term Rentals Contributor
    • Investor
    • Youngstown, OH
    Replied

    @Mo Weis I know CH is high, but not that high. Not on an $80k property. My hope is that the taxes are based on an old valuation (pre-08). It's on the south side of town near the UH border. And there are no pictures of the inside, so I'm willing to bet it's not even worth $80k. 

    @Bill B. @Casey Powers This is why out-of-state investors get into trouble in Cleveland. They jump in thinking it's just a bunch of cheap properties, but they don't know the area well enough to recognize bad investments. I'll start sending the flood of OOSI we have here in Ohio to you in Nevada. They drive me nuts. If my research is accurate, this is owned by an LLC out of Delaware. Go figure.

    @Tom Ott @Matt Rutter I live in UH so I'm familiar with the higher rates, but I've never seen anything like that. I initially got the number from Zillow. Then I checked the county auditor's website, and the actual amount is even higher than what Zillow had. I took your advice and looked again; I didn't realize I could see the tax bill broken down. It looks like there are some charges on here. It's been passed around a few LLC's over the last year or so. I'm wondering if they bought it with the intention to flip and decided to wholesale instead because the description says, "the county has this property valued at $203,000."

    @Anthony R. Last assessed at $126.7k. I don't know where they got $203k. 

    @Bob Collett I'll PM you. 

  • Nicole Heasley Beitenman
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