Value To Taxes Ratio

If I do not have enough info please resond I'm going to be buying a building for 162k and the taxes are $3,500/yr
Does anyone know base on the taxes per/year how much the building may be worth is a 7unit
Thank you and God Bless

Comments(6)

  • getgoing9th December, 2004

    More info...

  • commercialking9th December, 2004

    Assessors offices are notoriously bad at establishing market values. Do not assume anything about the value of a building based on the taxes.

  • rmdane20009th December, 2004

    I agree...I wouldn't ever try to figure out the value of a property based on its taxes...especially since taxation is different from district to district, state to state...

  • arytkatz9th December, 2004

    I agree with all above: if possible, get a RE agent to pull a CMA (comparative market analysis) on your property to better determine market value.
    Andy

  • steady289th December, 2004

    Thanks everyone for the info

  • NewKidinTown210th December, 2004

    Did you do a cash flow analysis? What sort of cash flow do you expect?

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