How do I estimate property taxes?

Question

I’m doing a property analysis and I want to know how can you get a good estimate on property taxes?

I know that Zillow, Realtor, and listing services have estimates on their tools but they tend to be a few years old.

Should I just use those numbers or how can I get a better estimate?

Max T. · Answer

property taxes are public record and can be looked up online from each city. zillow should have accurate numbers that aren't more than 1 year old.

the better question is how to estimate changes in property taxes. for example my first place in philly was 1100/yr. a few years later it went to 1500, the next year 2000, and this year 4000!

Anthony Wick · Answer

@Luis Abel Robles

In addition to the answers of County assessors site, so you never have to estimate taxes, try not to estimate utilities either. Or garbage, lawn care, rents, etc. I get exact amounts for the property before I make an offer on a property. When it comes to financials, 1 surprise can ruin your entire cash flow. The only thing I “estimate” is capex, maintenance, vacancy. And even those numbers should be based on the property condition itself, and past vacancy rates.

James G. · Answer

@Luis Abel Robles this information should be available to you on your county assesor's office. Call your city/county and ask them how to look up your taxes online. It shouldn't take more than 3 minutes to look up your taxes. Hope this helps.

Luis Abel Robles · Answer

@Max T. That’s something I didn’t think of, thank you! A new thing to consider every time I analyze properties

Theresa Harris · Answer

@Luis Abel Robles  You might be able to get some information online from the city.  If you know the general tax rate for the area, the assessed values of the homes are available online.  For example where I am the property taxes are often 1% of the assessed value.

Davis Doan · Answer

Probably this tool: https://smartasset.com/taxes/property-taxes

How do I estimate property taxes?

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