Incorporating Real Estate Tax Expense Forecasting Into Offers to Purchase
When deciding what to offer for a commercial or residential property, you need to estimate your carrying costs. When there is doubt, you probably estimate on the high end, which may cause you to offer too much and lose out on a potentially good investment. Real estate taxes often make up the largest non-financing expense, so an accurate prediction of taxes extending into future years- also called property tax forecasting- is crucial. There are two components to calculating