Refinancing & Property Taxes
I get this question a lot, “if I refinance will my property taxes go up?” The answer is no. Also, when it comes to a purchase, your property taxes are based on your purchase price and/or assessed value. It is not what your appraisal comes in at.
The article below has a lot of good information such “Borrowing allowed you to defer the tax consequences until you sold. However, when you did sell, the proceeds would go to pay off the debt, leaving you with little cash to cover the tax consequences. You’ll probably be in a similar position when you sell the rental property.”