How to underwrite Year 1 Property Taxes for new development multifamily?
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[{"id": "eqsr7jg", "text": "Typically in most jurisdictions a tax appraiser will come out after you have your final city inspections and appraise it. I would use hypothetical sales price over cost any day.", "replies": [], "depth": 1}, {"id": "eqss7bv", "text": "Go to the county assessor\u2019s office and look up actual taxes for stabilized comps to get an average tax/unit. Apply this concept to your property, maybe at the higher end to be conservative.", "replies": [], "depth": 1}, {"id": "eqssvs1", "text": "(Comparable Taxes * 0.70)* 10yr Treasury Rate%", "replies": [], "depth": 1}, {"id": "er0umg0", "text": "80% of purchase price, then the mileage rate, then 4% early pay discount. Reassess at purchase for the land, then on the basis after completion then on the exit for next buyer", "replies": [], "depth": 1}]