Real Estate Rookie

78: Rookie Reply: How Do I Estimate Property Taxes?

05.15.2021 - By BiggerPocketsPlay

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This week’s question comes from Gre on the Real Estate Rookie Facebook Group. Gre is asking: How do you find accurate property tax info, including school taxes, when running numbers on a potential investment property?

Great question Gre! Running your numbers accurately is super important when making sure a deal will be profitable, thankfully, there are many online (and in person) resources where you can find accurate property taxes within minutes.

Here are some suggestions:

Find the county assessor’s online website and look up the property address/parcel number

Use third-party tools like Propstream to find property taxes

Ask other investors in your area what they are paying in property taxes

Call the county office and ask what they think property taxes will be when re-assessed

Make sure you’re including school, village, and county taxes (when they apply)

And More!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Check the full show notes here: http://biggerpockets.com/rookie78

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