Reduce your rental's property tax bill

Falling prices cause many owners to question assessed value

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Inman Connect New York | January 29 - February 1, 2019

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.