I used to live in Southern California and my tiny little house about 30 miles from this location was only 890 sq ft single family residence. Property taxes for it right now are somewhere in the ballpark of $7,000/year with a property value of around $700,000. https://www.redfin.com/CA/Escondido/360-E-Washington-Ave-92025/home/3952583 The property linked is an apartment complex worth approx $6mil but the property tax is only $1,938??? If you look back at the listed price for 2019, that's the only one that seems more accurate at $70,060 for the year. How is it that the property tax for homeowners is around 1% where as based on this $1,928 for $6mil is .03%? Is there some special tax break that apartments get? submitted by /u/getonurkneesnbeg [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v04wtx/how_is_this_possible/
Location: Colorado Hi y’all, Looking for some advice. We live next to a rental and the fence between us is falling down. There are holes in which our cat has escaped to their yard and the renters dog regularly pokes his head into our yard, which worries us as we also have a dog. The fence is on the property line. The landlord responded to the estimate from our contractor that he has been on medical leave for three months, does not know when he will return to work, unfortunately cannot afford a new fence and simply wants to fix it. We have yet to respond. While I really want to believe him and feel for him, I also looked up his record. He’s a real estate broker and houses.com tells me was a seller for a 600k home, and a buyer $1.4 million in homes this year, and two of those sales were in June. He also owns three houses in my town. We recently redid the fence on the other side which was in a better condition than this one, and the posts were all rotted and had to be replaced. I’m w...