PROPERTY TAXATION - INTRODUCTION

One of the largest expenses associated with real estate ownership is the annual property tax bills. Understanding how those taxes are calculated is important to insure that the property owners taxes are fairly assessed.  However, it is also an issue that any potential investor must understand when considering the purchase of a property.

A property may appear to have a very attractive net income, but if that income is a result of the an error in the calculation of the assessment/taxes for the property, then the investor has to consider the risk that there may be a significant increase in the property taxes in the future.

Conversely, a property with what appears to be a low income, may have potential for increase in the net income, if the taxes are too high.

This part of our web site explores the property tax implications of owing or purchasing real estate.  See the Navigation Bar for additional pages.