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Tagged: New Construction taxes, PITI
Good Afternoon All 🙂
Does anyone know how new construction taxes are calculated into PITI? I saw a new construction (it hasn’t been built yet) that I am interested in but the tax history only shows for the vacant lot.
The simple answer is that County Property Tax Assessors determine the value of the home based on comparable homes in the area, then multiply by the local property tax rate.
Online Operations, NACA
Thanks @Ttrumble 🙂