Updated over 4 years ago on . Most recent reply
HPR Property Tax Question
Hey everyone,
New investor here. My husband and I are considering purchasing one of our first investor properties in Nashville. It is a 1930s home, 4bd, 2.5 bath, 2700 square feet recently renovated. It was on 0.69 acres but the previous buyer sold and divided up the land and now the home we are considering will be one of 6 and apart of a HPR (Horizontal Property Regime), similar to an HOA. Its a great home and the upstairs has the potential for a second tenant to rent but one of our questions is what happens to the property tax? Is it divided amongst the 6 owners on the bigger property, will each persons "area" be taxed individually...we are confused.