All Forum Posts by: Alicia Horton
Alicia Horton has started 6 posts and replied 43 times.
Post: Are you doing business in Kansas City?
- Blue Springs, MO
- Posts 45
- Votes 15
Hello, my name is Alicia!
I'm an active realtor in the Kansas City Metro area. I've been on BP for a few months now but I wasn't quite ready to step out. Now I am! :)
I'm looking to connect / partner with local and out- of- state investors. If your're looking to team up with an local agent, please look me up.
I can't wait to work with you.
Post: New Investor In the Kansas City Market
- Blue Springs, MO
- Posts 45
- Votes 15
Welcome to BP! Check out the varies podcast on the site... Much Success to you in 2016!!!
God Bless.
Post: Newbie from Canada, eh!
- Blue Springs, MO
- Posts 45
- Votes 15
Welcome to BP!
Post: Should I get my Real Estate Liscense
- Blue Springs, MO
- Posts 45
- Votes 15
A license is great to have!
Especially! If you plan on buying more than one or two rental properties a year, definitely get your RE license!
If you do nothing else with your license except buy your own rental properties, it will save you thousands in commissions a year.
On every real estate property you buy you will save a ton of money, because you would get paid commission as the buyer's agent!
It's a win - win!
Much success with your REendeavor!
God bless!
Post: 2016! Do these 2 things to have an awesome year
- Blue Springs, MO
- Posts 45
- Votes 15
Awesome advice! Thanks for giving out such positivity! Much success to you and everyone on BP in 2016!!!
God Bless!!!
Post: New Kansas City Investor
- Blue Springs, MO
- Posts 45
- Votes 15
Pan,
Welcome to BP! Your plan sounds great! I agree with Chad Hotovec.
Post: Lawrence, Kansas, Buy and hold, Dulplexes
- Blue Springs, MO
- Posts 45
- Votes 15
Heidi,
Like Jason Hawk said check out the Kansas City market.
You can also connect with Arrow Realty - you will be connected with their full service property management team and contractors.
Message me for contact info.
Post: Kansas City MO. Property Tax Rate
- Blue Springs, MO
- Posts 45
- Votes 15
Hi Christopher and Cliff -
Those are some really great questions that I'm not sure about. I'll have to do some more research on.
In the meantime time you might want to contact the Jackson county Assessment Dept. @ (816) 881-1330, for more information.
Post: New Member in Kansas City (Northland)
- Blue Springs, MO
- Posts 45
- Votes 15
Welcome to BiggerPockets. Kansas City is an awesome market to invest in!
Post: Kansas City MO. Property Tax Rate
- Blue Springs, MO
- Posts 45
- Votes 15
For the state of Missouri:
The assessor determines the market value of the property.
For real property, the market value is determined as of January 1 of the odd numbered years.
Once market value has been determined, the assessor calculates a percentage (for real estate can start at 19% but be no more than 33.3% of its true value in money) of that value to arrive at the assessed value. The percentage is based on the classification, determined by the type of property or how it is used. After the assessed value is calculated, the tax levies are applied.
Here's an example for Kansas City:
Market Value is the amount the Assessor has determined your property is worth on the market.
ASSESSED VALUE
Assessed value is a percentage of the market value as determined by the assessor's office. In order to calculate the assessed value, multiply the market value by the appropriate assessment rate for the type of property.
- Residential Property 19%
- Commercial Property 32%
- Agricultural Property 12%
TAXABLE VALUE
Taxable value is the assessed value less any exempted value.
EXAMPLE OF VALUE CALCULATIONS & TAX DETERMINATION:
| Market Value | X | Classification Rate | = | Assessed Value | - | Exempted Value | = | Taxable Value |
| $110,000 | X | Residential 19% | = | $20,900 | - | $11,400 | = | $9,500 |
| Taxable Value / 100 | = | X | Tax Rate | = | Tax Bill | |
| $9,500 / 100 | = | $95.00 | X | $7.8368 | = | $744.50 |
Tax rates are set each year by local taxing entities within the limits allowed under the constitution and state law.