my home was appraised $225,000 and my assesment was $149,900 am I paying to much in taxes?

0 ⤊

my home was appraised $225,000 and my assesment was $149,900 am I paying to much in taxes?

location Amity township, Pennsylvania

2006-07-18 10:01:27 · 3 answers · asked by Christopher G 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

You should be paying taxes on the assessed value, (land and buildings, improvements), not on the appriased value. The appriased value was for the bank to determine if the home is of value equal to the mtg. Good thing too! Big difference between 225k and 149k in taxes!

2006-07-18 10:07:43 · answer #1 · answered by Sassy 3 · 0⤊ 0⤋

Check with the tax assessor.

2006-07-18 17:03:50 · answer #2 · answered by kearneyconsulting 6 · 0⤊ 0⤋

Doesn't sound like it assesed is for taxes. appraised is for sale. count your blessings.

2006-07-18 17:05:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋