Real Estate Tax Calculation - How To Calculate Property Taxes For Commercial Real Estate
HTML-код
- Опубликовано: 2 июн 2024
- Real Estate Tax Calculation - How To Calculate Property Taxes For Commercial Real Estate // Property taxes can be one of your biggest expenses, if not your single biggest expense, on a commercial real estate investment. So making sure you know how to calculate property taxes for your next commercial real estate investment is HUGE in accurately projecting what your real estate cash flows will be. If you're looking to understand how to calculate real estate taxes and want to make sure your property tax values are good to go, make sure to check out this video.
Want to learn the technical skills you need to know to land a top-tier job in the CRE investment field? You NEED to know Excel and how to use it to analyze deals. But don’t worry - you’re covered. You can grab my real estate financial modeling crash course for FREE here: breakintocre.com/youtube-land...
Check out The Real Estate Pro Forma Modeling Master Class here: breakintocre.com/courses/
Want instant access to all Break Into CRE courses, models, and additional one-on-one support? Check out Break Into CRE Academy here: breakintocre.com/break-into-c...
Connect with me on LinkedIn: / justin-kivel-aa06361a
Subscribe and hit the notification bell to get first dibs on every new video!
------------------------------
Finally by Loxbeats / loxbeats Creative Commons - Attribution 3.0 Unported - CC BY 3.0 Free Download: bit.ly/FinallyLoxbeats Music promoted by Audio Library • Finally - Loxbeats (No...
------------------------------
How are property taxes calculated in your state or country? Let me know in the comments. Thanks for watching!
Hey!!!!! May I know the local property tax rate in chicago of land and building development ?
Here in Ohio, third parties (mainly school board attorneys) can actually file a complaint against the value of property to have a property's assessment increased. Thx for the content!
Every time I underwrite a property in Ohio it feels like a toss up when the property would be assessed for exactly this reason. Thanks for the comment!
Can you please do a video on how to choose the right lender. For example, why you would choose Freddie over Fannie or why choose a conventional loan over CMBS? Thank you!
Great, will add to the list of potential video topics. Thanks! Short answer to this is that Freddie and Fannie are often most competitive on pricing (interest rates) if your deal can qualify.
Thanks! This was super informative. How would you typically incorporate a tax abatement in your underwriting on a CMBS 10 year loan? (Assuming your underwriting CF will reflect a stablized CF performance over the life of the loan). Thanks again, your content is great!
GREAT CONTENT! My revaluation is coming up and I purchased my Commercial multifamily 8 months ago and did extensive renovations (Granite Countertops, stainless steel appliances ect.) I'm currently trying to do a cash-out-refi and am skeptical about adding the increase (to the tax assessor)in rental income ect. Will this hurt me or help me with the refinance? And will my taxes go up significantly because of my higher rent income on all units?
Thank you
I’m signing up for all your courses
Great to hear!
Hi, can I understand like this? If the millage rate is one to 1.25%, the assessed value is almost equal to the market value. I'm not sure how the tax officer assessed. but hope this works as a benchmark of transactions.
Would you underwrite to foreclosure taxes if you are in the debt stack?
I'd underwrite taxes exactly as you assume they will occur. So if you have foreclosure taxes you expect to pay and you're investing in the debt on a property, then I would include them in the underwriting.
totally missed the most important part. it's fairly easy to determine the calculation of a tax assessment once you know the formula, its Difficult to determine what the locals actually do...
for example, in CT they re-assess its properties every 5 years but the sales Trigger and increase, EVEN THOUGH the local city may claim they use income as guidelines they never do and they will kill you once you buy...
so HOW do I determine HOW the local city/state actually in the real world re-asses my property...as most state websites clearly state there are 3 ways to value a property, (income, Sale,cost to build) but they never really clarify what they really end up using....
hello, could u yield a Video about Share deal vs Asset Deal, especially the tax difference under diffierent deal structure. thx
Hi Yuan, thanks for the input! Just to be clear, you're referring to the difference between buying stock in a REIT vs. buying the fee simple interest in a real estate property, correct?
@@BreakIntoCRE hello Justin, NONONo, you misunderstand my point. eg , there are 2 firms, A = BUYER, B = Selling side, B has a property in NY, named B.1, now A is interested in B.1, and B wants to disposal B.1 also.
Asset deal, as i understand (can be not correct), A pay money to B, B gave B.1 to A, and B has to pay tax (i guess capital gain tax) to US gov.
Share deal - B set up a little firm for B.1 ( named B.1 co) , and now A pay money to B. B give 100% share of B.1 co to A.
After A becomes the 100% shareholder of B.1 co, then delete the B.1 co.. so B.1 co is just like a channel.
Oh, got it. Thanks for the clarification!
In other words don’t inves in texas!