2007-02-01 08:13:34 · 4 answers · asked by huzaifah k 2 in Business & Finance ➔ Renting & Real Estate
if it's in an average suburban city( for an economic class im taking)
2007-02-01 08:24:45 · update #1
Depends on the city it is located. Go to the county auditor site online and check it out. I am purchasing a home in Bedford, Ohio (In Cuyahoga County, Ohio) for $80,000 and the percent would be x .0185 (which is around $1480.00 yearly). The highest in Cuyahoga County is .0298 which is Shaker, Cleveland Heights and Garfield Heights. The lowest in Cuyahoga County is .0134 which is Independence and Oakwood Village. So it can range thousands of dollars depending on the county.
2007-02-01 08:16:54 · answer #1 · answered by Fun N Sun 4 · 0⤊ 0⤋
Whether you paid for it in cash or not is irrelevant.
The tax will depend on the community you live in and what the local tax assessor values the property at. The tax may also differ depending on whether it is an investment property (like an apartment building) or a home that is your residence.
For what it's worth (not much), I live in Clermont County in Ohio. My house was assessed to have a value of $75,000, and my annual real estate tax is about $1200. If I lived in Hamilton County or Butler County, I'm sure the tax would be higher.
2007-02-01 08:25:57 · answer #2 · answered by peytonbarclay 3 · 0⤊ 0⤋
I often end up writing the same question on other sites
2016-08-23 16:50:07 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Yeah that seems to be correct
2016-09-20 03:31:29 · answer #4 · answered by ? 4 · 0⤊ 0⤋