Q: I am a relatively new landlord who owns four rental homes. Each of the homes is in the same neighborhood with the same number of bedrooms and bathrooms. The homes are very similar in all respects, except one big difference: property taxes. I purchased the first two rental homes several years ago when the property values were much higher. The last two I purchased were after the real estate market crashed in our area. The property taxes for the first two rental homes are 50 percent more than the last two. I have been able to hold onto all four properties, but it hasn't been easy. Someone recently mentioned that I should appeal my property taxes, but I don't really know much about it or how to do it. I know there is a correlation between the price I paid for the properties and the property taxes, but I don't know if I fully understand how this works. Can you explain how property taxes are calculated and how they can be appealed? A: Sure. You are not the only rental prope...
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