New Construction Taxes

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  • #69856
    Faith81
    Participant

    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.

    Thanks

    #69857
    TTrumble
    Member

    Hello Faith81,

    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.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #69863
    Faith81
    Participant

    Thanks @Ttrumble 🙂

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