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Depending on how many properties they have in their portfolio for a particular county, it could make sense for them to start donating to candidates for tax asse
by Mountain_Skies 2y ago
Depending on how many properties they have in their portfolio for a particular county, it could make sense for them to start donating to candidates for tax assessor that are favorable to them. If the goal here is to buy properties and flip them, having an assessor that only assess value once a decade is going to be better than one who requires a reassessment each time a permit is issued for a property. If they want to hold and rent, another assessment strategy would be beneficial for them.
- CharlieDigital 2y agoThey can also challenge their assessment and file an appeal. I'd guess that this is a tool they can leverage to possibly get lower rates.
- infecto 2y agoI suspect this is the big one, at size, you can have people on staff that do nothing but fight property value increases. It may be like throwing a stick against the wind but some of them will land ahead and they get some reductions on annual increases.
- mooreds 2y agoExactly. From the article: > Professionalizing management, better bargaining over expenses, some degree of appeals over property tax, and better access to capital markets therefore enable institutional investors to improve their cost structure where 'some degree of appeals over property tax' is linked here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4269561 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4269561 I am not a subscriber so can't read the details, and nothing about appeals is mentioned in the abstract.