Property tax issue in Cleveland
Hi BP family,
I am a new rental property investor from overseas. I have a question regarding the property tax and it may sound very basic.
Let’s say the flipper bought the property a year ago for 100k and paying a low tax under 2k annually.
If I bought it for 250k after the total rehab, would I be paying tax 2.5 times compared with the flipper paid? Or is there anyway that I could keep the tax as low as possible?
Thanks in advance
Clarence