When purchasing a property, whether it is a single family, condo or multi family the tax assossors office will reassess the property for the upcoming property tax year based the sales that have occured in the area, the price you have paid. If the property is not occupied by the owner as a primary residence, then the property does not qualify for homestead excemption, so the taxes may in fact go up if the current owner do have homestead exemption. I hope this answers your questions. Please feel free to contact me if you have addtional questions.
Lila Lopez, CRS, CDPE,e-Pro
RE/MAX Advance Realty
If you are interested in finding income properties you may contact me at 305-6105347