Why BiggerDeals show $0 on property tax?

Why BiggerDeals show $0 on property tax?

Member since 2024 · 3 posts · 0 votes

Hello, everyone! I am new here and trying to find my first deal. The BiggerDeals function is really awesome! However, I realize that many of the properties show a $0 on property tax and that makes the cash flow numbers terribly wrong. I often have to compare the numbers among many sites to get a more proper answer. Why there's such a big mistake? TIA!

0Reply
34 views

4 Replies

Jump to latestLatest
  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Fay Han:

    Hello, everyone! I am new here and trying to find my first deal. The BiggerDeals function is really awesome! However, I realize that many of the properties show a $0 on property tax and that makes the cash flow numbers terribly wrong. I often have to compare the numbers among many sites to get a more proper answer. Why there's such a big mistake? TIA!

    Hi @Fay Han, welcome to the BP Forum! By any chance are the deals that show $0 property tax considered to be "new construction" or are recently built?

  • Member since 2024 · 3 posts · 0 votes
    1y

    Hello, Joycee, thank you. Some of them are new, but most are not. I can find the property taxes information from zillow, redfin, etc, on the same property. 

    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
      1y
      Quote from @Fay Han:

      Hello, Joycee, thank you. Some of them are new, but most are not. I can find the property taxes information from zillow, redfin, etc, on the same property. 

       @Fay Han I suspect the ones that show $0 were not assessed prior to the information being loaded. Always check the county websites to confirm the tax amounts AND if the taxes are currently paid up!

    • Member since 2024 · 3 posts · 0 votes
      1y
      Quote from @Jaycee Greene:
      Quote from @Fay Han:

      Hello, Joycee, thank you. Some of them are new, but most are not. I can find the property taxes information from zillow, redfin, etc, on the same property. 

      I see. Thank you again, Joycee!

       @Fay Han I suspect the ones that show $0 were not assessed prior to the information being loaded. Always check the county websites to confirm the tax amounts AND if the taxes are currently paid up!


Join the conversationCreate a free account to reply, vote on answers and follow this thread.