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My property taxes are (before homestead exemption, which reduces the taxed value at about 20% before calculating taxes) are 2.57%. Mind you, I have no state/ci
by drone 13y ago
My property taxes are (before homestead exemption, which reduces the taxed value at about 20% before calculating taxes) are 2.57%. Mind you, I have no state/city/county income taxes, so that money has to come from somewhere. Insurance runs about 1%. I've yet to know a landlord that didn't include the cost of taxes and insurance in rent. (In commercial deals, this is often broken out in double or triple-net.)