if I would buy an investment property for $70000., what would my property tax will be?

Asked by Cuong, West Palm Beach, FL Tue Jan 20, 2009

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Nadine Mauro, Agent, Lake Worth, FL
Tue Jan 20, 2009
Property taxes run approximately 2% of the purchase price. For the most reliable information check out the Palm Beach County Property Appraisers office: http://www.pbcgov.com/papa/index.htm.

Something very important to check out is if you will be able to rent the property you purchase immediately. Some of the communities have a 1 or 2 year waiting period before being able to rent the unit.

If I can be of further assistance please give me a call or email.

Nadine Mauro
Regency Realty Services
561-414-0864
NadineMauroRE@yahoo.com
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Lisa Reeves, Agent, Tampa, FL
Tue Jan 20, 2009
Your tax appraised value is not totally based upon your sale price. It is an average based upon comparable properties etc. The Property Appraisers office may start using foreclosure and short sale properties but currently they only use standard transactions. So check and see what other properties in the same community or building are tax appraised valued and that should be your approximate tax rate.
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