2007-11-19 03:28:25 · 4 answers · asked by shannon k 3 in Business & Finance ➔ Taxes ➔ United States
we are buying a home in coshocton county ohio, taxes for home are 286. per half. a similar home up the street is 681 per half. what are they basing this on?
2007-11-19 03:31:58 · update #1
the house is valued at $62,000,but paid only $53,900
2007-11-21 03:42:49 · update #2
Taxes are based on the assessed value of the property, times the tax rate in your area.
It's not uncommon for assessments to be way behind. and to be updated when the house is sold, so if you paid a lot more than whatever your current assessed value is, don't be surprised if your taxes go up a lot. You can find out your assessed value at the county assessor's or tax office. In some areas it's available on the county website. It has nothing to do with the appraisal you got when you bought the house.
2007-11-19 05:54:54 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
The taxes are based on the assessed value of the property. It sounds like yours is overdue for a reassessment but I wouldn't rock the boat.
2007-11-19 04:54:10 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Property taxes are based upon the value of the property.
2007-11-19 06:14:48 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
In most locations, property taxes are paid in two annual installments.
2007-11-19 03:31:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋