Lease, finance or cash
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Joined: Jan 2009
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From: NY & FL
MB’s of all kinds.
I always finance, theres always incentives and I always make sure I have 2x the amount of something I want to buy invested into the market which has avg'ed 21% career-wise for me, even a downpayment on an investment property was 2x'ed the same way because the market outpaces even real estate for me in my experience (it's a pain in the *** to own, I don't recommend it)
I have been the opposite in Real Estate vs the Market. I currently own 18 Units. All Commercial and 1 Residential. In my area Real Estate has beat the market unless you are talking stocks like MSFT, TSLA or other big tech.
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2012 CLS63
Are capital gains taking a big bite too or do you shelter in some way?
MBWorld Fanatic!
Joined: Jan 2009
Posts: 3,829
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From: NY & FL
MB’s of all kinds.
MBWorld Fanatic!
Joined: Jun 2015
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From: Maryland
2024 S580
Any income is taxed as income (rental income, etc) but gains are only taxed when they are realized (upon sale). Property taxes are assessed on an ongoing basis just like residential real estate. The property taxes go into the operational costs that can be deducted against any income as expenses.
MBWorld Fanatic!
Joined: Jun 2015
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From: Maryland
2024 S580
So you don't pay annual property taxes?
We may be misunderstanding the use of the word "assessment".
Here property values are reassessed every 2 years regardless of sale, etc...but we pay our property taxes every year
We may be misunderstanding the use of the word "assessment".
Here property values are reassessed every 2 years regardless of sale, etc...but we pay our property taxes every year
Thread Starter
MBWorld Fanatic!
Joined: Jun 2019
Posts: 2,129
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From: Costco
2023 S500
No I pay property taxes every year, but the amount I pay is based on what I mentioned above. The question I asked does commercial property get assessed the same way? I wasn’t sure if the county reassessed commercial property on an ongoing basis or what.
i.e., is the assessed or taxed value based on the sale amount and will it ONLY change if you pull a permit or get a loan against it? I know counties have the power to randomly reassess properties at their discretion but it’s rare without a reason.
i.e., is the assessed or taxed value based on the sale amount and will it ONLY change if you pull a permit or get a loan against it? I know counties have the power to randomly reassess properties at their discretion but it’s rare without a reason.
Last edited by Frenetic; Dec 26, 2024 at 07:56 PM.
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MBWorld Fanatic!
Joined: Jun 2015
Posts: 9,061
Likes: 4,565
From: Maryland
2024 S580
No I pay property taxes every year, but the amount I pay is based on what I mentioned above. The question I asked does commercial property get assessed the same way? I wasn’t sure if the county reassessed commercial property on an ongoing basis or what.
i.e., is the assessed or taxed value based on the sale amount and will it ONLY change if you pull a permit or get a loan against it? I know counties have the power to randomly reassess properties at their discretion but it’s rare without a reason.
i.e., is the assessed or taxed value based on the sale amount and will it ONLY change if you pull a permit or get a loan against it? I know counties have the power to randomly reassess properties at their discretion but it’s rare without a reason.
Thread Starter
MBWorld Fanatic!
Joined: Jun 2019
Posts: 2,129
Likes: 940
From: Costco
2023 S500
Yeah, I didn’t know how commercial property tax rates worked. It wouldn’t surprise me if most counties reassessed commercial properties on a periodic basis but that’s why I asked.
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