I am thinking of purchasing a multi-unit apartment building. The listing states 4000 per year but is that the current tax rate or the amount the property was apraised at when the current owner bought the property?
2006-12-13 05:42:07 · 8 answers · asked by allcomcb 1 in Business & Finance ➔ Renting & Real Estate
From your description, it sounds like the amount the current owner is paying.
Check with the town office where the apartment building islocated to see when the last appriasal of the place was. that can make a difference, sometimes they re-appriase a place once it is bought and you can see a big hike. This is speaking from experience in my area of NY.
2006-12-13 05:50:56 · answer #1 · answered by Just Me 6 · 0⤊ 0⤋
the homestead proprietor is to blame for paying the valuables taxes and the quantity owed each 365 days is pushed by ability of the state, county and municipal funds products that are lined by ability of the tax sales, and in proportion to the equalized fee of the valuables in comparison with different comparable properties interior the section. So, in case you have an exceedingly wealthy community (or a intense-valued company or application supplies placed there), yet a small government funds, your taxes would be low.
2016-12-11 08:22:44 · answer #2 · answered by hume 4 · 0⤊ 0⤋
It really depends on your municipality. Some re-assess every year meaning they re-value your property every year and and they might take into account the price you paid and tax you on this value. In most places you will probably slip through the cracks and be taxed at their value. To find the current taxes you should contact your local tax receiver's office and ask how much is the current year's taxes are. You should also ask if they re-assess every year if so your taxes will increase from the previous year more than usual.
2006-12-13 10:52:16 · answer #3 · answered by tianaramal 4 · 0⤊ 0⤋
Check with a real estate agent/ broker or mortgage counselor within the same state and municipality as the property.
2006-12-13 05:50:39 · answer #4 · answered by Vicky29 1 · 0⤊ 0⤋
That is the current tax assessment. It will go up if you pay more for it than it is currently appraised for. I work for a Real Estate Appraiser.
2006-12-13 05:50:14 · answer #5 · answered by Tatochka 3 · 0⤊ 0⤋
Your realtor should be able to help you. I am a realtor, and if someone asked that question of me, I would be able to answer that question immediately.
If your realtor can't answer the question, you can call any Title Company in the area, and they would be able to answer it. Major Title Companies are: First American Title, Chicago Title, North American Title, Financial Title etc.
Good luck,
Kevin
http://www.KevinScolastico.com
2006-12-13 06:38:13 · answer #6 · answered by kevin s 2 · 0⤊ 0⤋
Your local court house will have all the taxes and other information that is important to know.
2006-12-13 05:50:44 · answer #7 · answered by Kath N 1 · 0⤊ 0⤋
call your local auditors office and have the address of the property. that's all you need.
2006-12-13 05:56:37 · answer #8 · answered by sammyjk1 3 · 0⤊ 0⤋