Updated about 10 years ago on . Most recent reply

property taxes
What do people use to estimate out of state property taxes?
Is there a good website or resource?
Most Popular Reply

This is a little off subject, but I wanted to share this with everyone. Here's a tip that got me on our first multifamily acquisition. Don't forget that the asset will be taxed according to the new purchase price. The financials we recieved during acquisition showed the lower tax fee of the old purchase price. The taxes went up and were adjusted according to the new purchase price right after closing in Ohio, so it threw our margins off because we didn't anticipate the increase. FYI Calculate your taxes on the purchase price in your proforma to win