All Forum Posts by: Account Closed

There is another exception for rental properties though. If you buy a 6% property and keep it a 6% property you can apply for an exemption of up to 25%. It just can’t go below the prior years appraised value.

Say you buy small apartment complex for $1M and apply for the exemption. If it was on the roll for 650k, your new taxable value would be 750k ( 1M-25%). If it was on the rolls for 800k, your taxable value would be 800k(Somewhat less than a 25% reduction).

Be very aware however that even simple tax laws can become complex because different ones apply in different circumstances. For instance. The 25% exemption noted above is designed for relief from market appreciation not capital expenditures. If that $1M property was a dump and you $200k of renovation before the end of the year, that is going to effect both the market value and the exempted value. Call your assessor and ask. The are typically glad to walk you through your situation before had rather than deal with appeals later.

Statutes read virtually identical in every state in the US.. it really depends on what states want to enforce these and ones that don't.

@Doug P. @Jay Hinrichs

https://youtu.be/9fi54S8nwUA

better than statute ;) 

Since when is robbery a civil issue. I would report and press the police to investigate, and would continue pushing until they are arrested. I would then demand either jail or restitution.

Late response but for people looking for current response:  My son's landlord used Cozy after trying to use another rent collection company that was IMPOSSIBLE to navigate.  Cozy was SO easy to navigate and sign up for that I created another account to collect rents on my properties and it is absolutely great.  I can see exactly when the rent has been processed and they provide updates every step of the way.  Customer service is responsive and professional.  I can track all of my expenses to make it easy for my accountant.  Highly recommend Cozy.  I had tried another rent collection company that I shall not name and they were HORRIBLE.  It took them ten days to process my payment and they called me and said "they didn't know what went wrong."  Ridiculous.  Will only use Cozy in future.