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re: Property Tax Assessments

Posted on 9/18/12 at 4:36 pm to K E V 8 4
Posted by tigerrocket
Member since Aug 2008
162 posts
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Posted on 9/18/12 at 4:36 pm to K E V 8 4
I bought the house for $48,000. It is now assessed with a fair market value of $111,000. I think I might could get $80,000 if I sold it. Taxes are now over $2,000 per year.
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Posted by K E V 8 4
Member since Jul 2010
608 posts
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Posted on 9/19/12 at 7:25 am to tigerrocket
Property tax issues aside (seems way over-valued), you are making a nice yield on your $48K investment, plus relatively minor upgrades. Congrats
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