I pay roughly $3000 per year on my real estate taxes.
If the 2006 assessment is 14,863, does it mean that I now pay 14.683?
2007-05-18 12:34:33 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
No, the assessment is the value the tax assessor put on your house - then there's a formula that uses that amount to get the amount of taxes.
Note: not everyplace uses the logical approach of assessed value being as close as possible to the actual value of the house - some areas assess at a percentage. For example, if they assess in your area at 50%, that would mean that if your assessment is $30,000, then the actual estimated value is $60,000
2007-05-18 16:40:39 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Depending on where you live the tax rate could vary a lot. The previous answer was correct. If you want to know about what your taxes would be....go to last year's tax bill and compare the two numbers....14863 compared to whatever it shows for last year. If there have been no special assessements since last year, you should be able to get close to what the new taxes will be. Again, depending on where you live, look on the old statement for any assessements for schools, sewer, infrastucture charges, etc.
2016-05-17 05:24:24 · answer #2 · answered by sebrina 3 · 0⤊ 0⤋
Does the assesment say $14,863 in taxes or valuation? Most assesments are what the county says the property is worth. The tax is then based on that.
County assesments are ususally much lower than true market value.
Is it much higher than last year? If it went up by an unusual amount, you can request a review based on valuations of other similar properties.
2007-05-18 12:57:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋