Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Are We Typically Underwriting to Assume the County's Gonna Go Off of Full Sale

5 Sept 2026 · 1 min

Watch on YouTube

0:36

Christian Osgood warns underwriters against assuming counties always reassess properties at full sale price. He cites an example where a $1,000,000 purchase was reassessed at $650,000, not the full amount, showing county practices vary widely and can significantly affect projected property taxes.

Chapters

Like, are we typically underwriting to assume the county's going to go off of the full sale price to then get to that assessed value? That would typically be the way that we do it, is that we're, we're going to assume if we bought it for X, that is likely to get reassessed at around X. Now, in many cases, that doesn't actually happen, and I see that all the time where you may buy it for— say the county had it assessed at $400,000, you bought it for a million, and then the next time it gets assessed, they assess it at like $650,000. That's a more common scenario. However, I've seen it happen multiple times where they go, oh, purchased for $1 million, it's worth $1 million, we reassess it at $1 million, and your taxes went way up.