Multi-family Dwelling / Apartments

MULTI-FAMILY DWELLING/APARTMENT PROPERTY COMPREHENSIVE TAX EXPERIENCE

Comprehensive Property Tax Consultants & Property Tax Outsourcing Specialists

Multi Family dwelling have various factors to consider. Gross potential income, vacancy rate, total effective gross income, including other income, operating expenses, amount of replacement reserves, net operating income, capitalization rate and final market value. A property that offers rents lower than market rents should receive a lower assessed valuation than a similar property with higher rents. Properties receiving government subsidies with long term rent affordability restrictions may also receive special consideration through the Assessor’s Affordable Housing Initiative.

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