Allentown Property Taxes Going Up 27%
Just saw this on the news. Anyone that is local that has intel on the situation? For anyone thinking about investing in Allentown / Lehigh Valley, remember to include this tax increase in your calculations.
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Definitely swings the numbers a little bit, but the extra ~$500 / year for a SFH or duplex shouldn't change the game too much. Just have to factor that into your numbers when running deals and offer at the right price. Allentown will still be attractive to investors.
It will be interesting to see if landlords pass this cost on to their tenants and market rents go up about $50 / unit over the next year.