Real Estate Taxes and Selling??

[jatowi]

We have an apartment building that was converted to condos before we bought it. Now the taxes have doubled b/c the value of an individual condo is higher then the apartment complex which consists of 6 units...My question is should we convert it back to save 8k a year until we are ready to sell or just live with it as is?

[Axel]

Do you have to consider attorney fees? In Hawaii and California there is approx. 50K+ in fees, to go back would be time and money, consider both

[AaronSOLD]

If you think the valuation is too high, you should be able to dispute that with the city/county for next year. If it is fair, then I would say sit still or sell it!

[jatowi]

We did get the value lowered by arguing...however the taxes still doubled b/c condos are worth more then apartments apparantly..but there were no upgrades or changes that we did except convert