5 Sneaky Ways To Lower Your Property Tax

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5 Sneaky Methods to Lower Your Property Tax

Numerous property owners don’t want the city assessor to come into the interior of their creating. When you have carried out extensive function, nicely, then okay, you’ve a reason. When you have carried out no repairs and really feel the interior with the property is really a bit to be desired, you might wish to invite the assessor inside. Make certain you’re accessible to walk about your property using the assessor and point out the bowed walls simply because the roof requirements to be replaced. Point out the unleveled floor simply because the property has shifted a bit over the years and most likely requirements some support beams. Point out some great issues also, by no means dwell on just the poor points. This may assist to lower your assessment, therefore lower your property tax liability.

Appear at your tax card in the county assessor’s workplace. You may discover some fascinating issues concerning the assessment of your property. In a house, the assessor might consist of a room as a bedroom, but in all reality, you can’t fit a bed within the room. You are able to also see if they note any improvements or structure damages. In the event you see any info on the tax card that doesn’t seem right, speak towards the assessor and have the corrections created. This is going to assist lower your property tax liability also.

In the event you believe an in ground pool will benefit the loved ones or perhaps a deck for fry outs, or perhaps even a bigger garage, you may believe twice. Any permanent structure which you location on your property will improve your property tax liability. You may think about a good above ground pool, a backyard barbeque region and forget concerning the bigger garage. This may assist maintain your assessment value lower, this is really a large plus to lower your property tax liability when the assessor comes knocking.

The subsequent method to lower your property tax liability would be to maintain your decorating suggestions at a minimum. Even though assessors do follow a set of guidelines for assessing your property, some thing that looks like a splendidly elegant property will play a role within the assessment. You might discover your self having a greater assessment than a property comparable simply because your property is elegantly decorated. You are able to decorate, but when the assessor comes to inspect and judge the property, you may not wish to impress him or her.

The subsequent factor you are able to do is know the neighborhood. Occasionally viewing comparable properties just like your property might show you some inaccuracies as far as assessed values. Occasionally errors are created and you are able to point this out towards the assessor. In the event you discover a property precisely like your property, except it has a bigger garage, newer windows, a shed or even a deck and it’s valued lower than your property which has none of these issues, you may think about calling this towards the assessor’s attention. They are able to and do make entry errors also as observation errors. You should do some checking and thinking prior to the assessor comes to go to your property.

Comments: 82

  1. tax depreciation sydney December 6, 2012 at 3:13 am Reply

    This is the just kind of online content I like to read. I appreciate the use of good grammar. I concur with this writer’s comments.

  2. Karla February 9, 2013 at 12:37 pm Reply

    When the Federal Reserve Monster did that they removed that taxes from outsourcing and foreign companies and dumped them on American Citizens.

    You still trust the Fed?

    INCOME TAX OF 1913

    In his inaugural address in March 1913, newly elected Democratic President Woodrow Wilson quickly took advantage of the new amendment by calling for tariff reduction and the adoption of an income tax. Within a month, during an emergency session of Congress, House Ways and Means Chair Oscar Underwood, a Democrat from Alabama, introduced a tariff reform bill that provided for an income tax with progressive rates. Underwood and the income tax section’s principal drafter, Representative Cordell Hull of Tennessee, had originally sought to introduce a flat rate income tax to ensure judicial approval, but pressure from other Democrats, including future Vice-President John Nance Garner of Texas, led them to opt for the graduated rates.

    The ensuing debates over the income tax primarily centered on the rate and exemption amount for an income tax, rather than the propriety of the income tax itself. Regular Republicans pushed for flatter rates and lower exemptions. Since they did not concede that the tariff was itself a tax, they viewed any exemption to the income tax to be class legislation and, in the words of Michigan Senator Charles E. Townsend, a “danger to the Republic.” When combined with progressive rates, Senator Henry Cabot Lodge of Massachusetts argued, the exemption would “set a class apart and say they are to be pillaged, their property is to be confiscated.”

    http://www.enotes.com/major-acts-congress/federal-income-tax

  3. Rosaria March 29, 2013 at 8:37 am Reply

    The business is based in ohio, and I’m filing my new taxpayer peronal property tax return. I don’t keep any inventory for my business since it is all drop shipped. Do I need to claim anything in this return?

  4. Kiesha April 10, 2013 at 8:40 am Reply

    Why is my property tax so high? Is there such thing as supplemental tax?

    My first year on paying a property tax on our house. It’s a $580,000 and interest loan only. Can you give me a reason why we are paying over $7000 on this house ?

  5. Towanda April 27, 2013 at 3:47 pm Reply

    I’m confused between the capital gain tax exemption of principal residence and the property tax. If one person has more than one property (say one city home and one cottage), and that person is not planning on selling any of the two. Does he or she have to pay property tax on the property that was not designated as his or her principal residence on an annual basis?
    Or do we have to pay property taxes on every single property we own?

  6. Brett April 29, 2013 at 9:46 pm Reply

    Now that the market has declined, they have my house assessed at much more than it is worth, so they are charging me too much in local property tax. How do I challenge the assessment?

  7. Maxwell May 5, 2013 at 4:23 am Reply

    I am looking to buy between 10 to 50 acres of land in Tennessee, and would be very interested in receiving personal examples or typical ranges of what the annual property tax of land in Tennessee is. Thank you in advance.
    I understand that tax rates vary, but it was my hope that the question would attract various answers containing personal examples from a variety of areas in which I would then research further. It was my intent to attract answers of personal examples.

  8. Zulma May 8, 2013 at 8:47 pm Reply

    In NY state we pay school and separate property tax. I know that I can input the second one but I could not find information on www about school taxes. What do people normally do?

  9. Jimmie May 9, 2013 at 1:32 pm Reply

    If I buy a house and sell it four months later, is my property tax pro-rated so that I only pay those four months?

  10. Tiffanie May 11, 2013 at 12:20 pm Reply

    Itemized deduction= Real Property Tax Paid
    and
    Personal property taxes are they the same?

    Anyone can clarify me with this?

  11. Esteban May 12, 2013 at 12:59 pm Reply

    mortgage tax is the same as property tax but mortgage tax is pay to the bank because you borrow the mortgage loan?

    Thank you.

  12. Lawrence May 13, 2013 at 4:50 pm Reply

    What is the percentage and factors looked into when calculating property tax? for e.g my home’s assessed vaslue is about $400,000
    thanks Mike. Actually what i want to check if really my tax has gone down! I bought my home at 630k and currently its assessed value is 400k. I would be paying somewhere 6000 in tax.

  13. Eugene May 17, 2013 at 1:49 am Reply

    I just bought a condo and and I’m paying property tax close to 4K a year, and my interest is on the high side. Any info ?
    I’m also single if that counts. And before I go to my tax accountant does the bank send out some paper statements on my mortgage interest to include in filing my return ?

  14. Annabel May 18, 2013 at 3:27 pm Reply

    We are moving to an apartment and was wondering my father-in-law has a bill for property tax to pay and we were wondering does he have to pay that if we are all moving in a apartment with in the next two weeks??????
    The Bank owns the house

  15. Tiffanie May 20, 2013 at 8:12 pm Reply

    I have property in Texas and it’s killing me to pay property tax on it every year and I’m not a resident. How can I reduce it?

  16. Raymon May 21, 2013 at 9:53 am Reply

    My family and another family share joint ownership of two apartment fourplexes. Both properties have recently been paid off. Now we want to split ownership so that one family owns one fourplex and one family owns the other fourplex. However, the fourplexes were bought at different times and have unequal property tax rates. How can this division be done fairly for both parties involved?
    Edit (correction): The properties don’t have unequal property tax rates. Rather, the properties have unequal property tax assessed values.

  17. Felipe May 22, 2013 at 10:41 am Reply

    Michigan Property Tax: my elderly mother’s house burnt down. She has replacement insurance. Will her taxes be raised if she rebuilds, or remain the same level as the home was until she sells?

  18. Willy June 4, 2013 at 6:25 am Reply

    How much per $1,000 of value is your property tax?
    and by using that number, how much would the property taxes is for a house with a value of $200,000?

    please explain how it’s done*
    i see..
    i understand now
    thanks

    yea..it would be so much easier if houses become cheaper
    alright
    if there is a difference in each city, then how do i know?

  19. Faustino July 16, 2013 at 3:34 am Reply

    I plan on buying a condo and I just find out about HOA monthly dues. I know what they are for but i don’t know what they are not for. Is property tax included it that or it will be billed to me separately?
    If it matters, I live in Houston.
    To Bash,
    Thank You, really Appreciate it!

  20. Giuseppe August 11, 2013 at 2:29 pm Reply

    If you buy a house from an auction (particularly in California), what will the property tax be based on? Will it be based on the auction purchase price or some assessed market value?

    Thanks.

  21. Rufus August 11, 2013 at 2:31 pm Reply

    I would think that since I am leasing it and don’t actually own the vehicle I shouldn’t have to pay property tax on it in North Carolina, where they normally tax you on any cars you own. I can’t seem to find anything online that answers this question. If you can find anything online, please tell me where you found it. thanks!

  22. Florance September 12, 2013 at 12:54 am Reply

    mortgage tax is the same as property tax but mortgage tax is pay to the bank because you borrow the mortgage loan?

  23. Ermelinda September 17, 2013 at 12:20 pm Reply

    My Grandfather owns a one parcel of agricultural land and has a lot area of 0.1296. A property have Real Property Tax Declaration but we do not yet applied for a Title Certificate of it.

    Is the Real Property Tax declaration being considered as a collateral in a loan?

  24. Leilani September 28, 2013 at 2:37 am Reply

    How much should personal property tax be on $29,000 car? I live in VA and there is a tax relief act. I am leasing this car and my bill came directly from the dealer.Thank you.

  25. Ara October 24, 2013 at 5:33 am Reply

    I just purchased a new house. Three weeks after closing, I received a notice from San Diego county that the previous owner had defaulted on property tax. now the county is billing me. Is it my liability because Im the new owner? sounds unfair isn’t it?

  26. Marshall November 5, 2013 at 12:42 am Reply

    How does this process of property tax getting back works?

  27. Oswaldo November 5, 2013 at 12:43 am Reply

    My aunt has a restaurant that has been operating for many years. Recently the landlord skipped town and did not pay the property tax. She just bought a new one and wants to hand the old one to us. How long would it be until the city auctions it? And would we be liable for any unpaid taxes?

    We want to continue to operate as long as possible. The restaurant is in Detroit, MI.

  28. Trista November 19, 2013 at 5:24 pm Reply

    Our property tax assessment was lower than what we thought our house would sell for. Thanks so much!

  29. Danika November 27, 2013 at 5:18 am Reply

    Iam wondering how does property tax and where the city decides to put the money relate to law?

    Thanks
    Best answer will be given

  30. Shannan November 30, 2013 at 10:20 pm Reply

    It seems like each tax jurisdiction has it’s own criteria, are remote properties taxed less? I would presume property tax’s are a main revenue for schools and public services so is there a relationship in between school quality and public services and property tax’s? I notice property tax’s on river properties seem about twice what it would be otherwise.

  31. Jerica December 16, 2013 at 6:25 pm Reply

    I want to purchase a house, $30k. Can anyone estimate the tax, title, out the door cost?! Also on a mortgaged home, usually property tax and homeowners INS is included with the monthly payment. If the home is paid off, how is property tax paid? Yearly, quarterly ?

  32. Domingo December 23, 2013 at 4:07 am Reply

    I am interested in the property tax system of Canada.
    Are the taxable items of a fixed property tax only land and a house?
    Or is depreciable property also contained?
    If it differs for every state, isn’t there any table?
    Canadian Blondie, I can get an answer from you and feel glad. However, I may have given misunderstanding by my fault that verbalization was bad. I know that property tax is imposed on land and a building, but want to know it whether property tax is imposed on a depreciable asset (a ship or machinery). I think that there are “a state taxing a depreciable asset” and “the state which do not tax a depreciable asset”. If there is the web page that I should refer to, will you show me it?

  33. Abbey December 23, 2013 at 4:25 am Reply

    I live in a house in alabama that is owned by a step parent of my girlfriend. The house has been uninhabited for many years. Apparently a real estate company bought the property tax deed because the propert taxes have not been paid. I let the owners know but don’t seem concerned. Can I purchase the deed from the real estate company before the house is lost? Besides the unpaid taxes how much will it cost me

  34. Glynis December 24, 2013 at 5:59 am Reply

    Hi, I need to know how to reduce my property tax. I live in new york city.

  35. Nikia December 29, 2013 at 4:18 am Reply

    I’m not asking for a handout, I just want someone to explain how to find the answer to a problem like, what is the property tax rate as a percent if it’s 42.10 per 1,000 dollars of assessed value? While I’m here I’d also like to know what I’m supposed to do now that my girlfriend broke up with me! Thanks.

  36. Britteny January 9, 2014 at 1:43 am Reply

    We are thinking about moving up to Grants Pass, Oregon and are looking to buy a home. I have heard that the property tax is really really high up there. How much does it run. I know it depends on the property but I am wondering how much other people have paid for their homes there and how much they payed in tax for that home. Any figures would really help. Thank you. We are looking to spend about 80k on a small home with just a bit of property.

  37. Tamie January 16, 2014 at 8:52 am Reply

    I mean, if you claim it this year, that means you can’t claim it next year, so why would it matter? Is it smartest to claim 2 years mortgage interest and property taxes in 1 year (1 payment January and one in December?) I’ve just been claiming one per year and not accelerating any payments ever.

  38. Jolene February 2, 2014 at 8:52 pm Reply

    If the man has communist tendencies that destroy the fabric we used to call America, how can we possibly call ourselves patriots as long as he continues to spit on us as a country?

  39. Chadwick February 2, 2014 at 8:54 pm Reply

    Now that my house has gone down in value, should my property tax lower as well? And if does, what can I do?

  40. Jessi February 3, 2014 at 10:42 pm Reply

    ‘property’ indicates an owner of….
    so if we pay ‘prperty’ taxes, are we the property owned by the state or the property we are suppose to own, is owned by the state?

  41. Carl February 8, 2014 at 2:13 am Reply

    My dad purchased a $100,000 home in California for more than 20 years ago. The market value of the house has increased to be 400,000; however, he continues to pay property tax on a 100,000 house. If I inherited the property, do i have to pay a property tax of a house worth 100,000 or 400,000?

  42. Raymundo February 14, 2014 at 5:57 pm Reply

    I lived in MO for six months then moved to AZ. Just received a property tax bill. Do I still have to pay that or just leave it since I no longer live in MO?
    This is not for a house. This is a property tax on two vehicles. Also why should I fund the state of MO when I am no longer living there.

  43. Kelsey February 21, 2014 at 9:56 pm Reply

    My fiance and I just purchased a house where the property taxes were around $1200 in 2008. We just received a bill in the mail that said for 2009 the property taxes were raised to about $2200. The main reason for the increase (I assume) was due to some flipping the people did to the house. My question, is there some sort of grace period before I should have to pay the tax increase? I think may realtor may have mentioned it. Any links would also be helpful.

    By the way, I’m in Illinois.

  44. Valerie February 21, 2014 at 10:38 pm Reply

    I’m from South Bend IN and considering buying a house in Niles mi…My parents said I probably shouldn’t because the taxes are so high…is this true? How do they assess property taxes there? I heard it was based on what you buy your home for, and they go up each year?

  45. Lance February 21, 2014 at 10:54 pm Reply

    The question pertains my education as a high school student. I need to write an essay on this and am not sure exactly what a municipal property tax is and how it benefits me.

    Help is much appreciated.

  46. Lorriane February 22, 2014 at 1:01 am Reply

    for thoughs of you out there who may not be aware of Florida’s current property tax law is under review for changes…..one thuoght is to mandate a state sales tax from 0.07% to 0.10% …i have mixed concerns about this… any body out there have any ideas or sugestions on how there state handled or would handle the same situation…??

  47. Emanuel February 22, 2014 at 1:43 am Reply

    I received a property tax bill that was a few months past due, it says there is a $163 lien. Is this reported to the credit bureau? I read in a few places that it’s only reported when the irs files an action against the property owner. I plan on paying the full amount due next week.
    Thanks for any information.

  48. Edelmira February 22, 2014 at 2:24 am Reply

    We recently bought a house in NJ from short sale slightly below market value , taxes on this 3 year old house are very high, much higher then other comparable property taxes, though our house has les sq feet than most of other properties around and very little land. The previous owner bought it at the peak of market for around 1.3 mln but county appraised it for much lower (860k). We bought the house for 1mln, but received the valuation report for 1.120k
    How did that happen? Comps are very different, they vary from 700 to 1.5 mln. What shoul we do? I am afraid we cant afford the tax increase!

  49. Tiffanie February 22, 2014 at 2:24 am Reply

    Long story. My husbands grandfather passed away and now his grandmother gave him his grandfathers truck. She signed the title over but due to my husband having unpaid fines on his license, he was not able to get the truck put in his name. I then found out the I could get it put in my name. I went and paid the property tax & got insurance put on the truck. By the time it came to sending off the title & getting the tag, I didn’t have the money to do so. Now,due to circumstances, I am not going to be able to afford the truck & am just wanting to take the remaining tag to the DMV & store it on my property. I went to the insurance place & was refused a refund. I am just wondering…since I am not going to have a tag on this truck, is it possible to get the property tax refunded? If so, how?
    The title to this truck has not been sent off. So it is not in my or my husbands name.

  50. Marianela February 22, 2014 at 2:49 am Reply

    Doing a paper for School

    Whats the average amount of property tax, for a statelike california? Say Los Angeles

    Is there an average on property insurance?

  51. Xiao February 22, 2014 at 3:24 am Reply

    I brought a home in July 2009 (cook county 60107) (first time home buyer) . I have some quick questions;

    1) Are property taxes – tax deductible ?

    2) I paid 2nd installment of 2008 property tax in December 2009 ( $3K), this was as per me/seller
    agreement at the closing ? Is this amount tax deductible ?

    3) I paid 1st installment of 2009 property tax in Feb ‘2010 ( $3K), this was as per me/seller
    agreement at the closing ? Is this amount tax deductible ?

    4) Which tax form do I need to use to show up all these deductions related to home mortgage interests,property taxes ..etc ?

  52. Lance February 22, 2014 at 3:24 am Reply

    I would like to move to Oklahoma, but I dont know if property taxes are higher or not.

  53. Cayla February 22, 2014 at 3:42 am Reply

    What aspects are taken into consideration to determine property taxes for a property and the land?
    What specific aspects? Location is obviously one. Would property size determine property taxes? Would having certain natural things on the property affect taxes? Say I have part of a river on my propert would that affect?

    What specific aspects cause property taxes to cost more or less? Would property taxes be less if the majority of the property was land, and the house was tiny? How do they determine what the land and house taxes will be? How do they differentiate?

  54. Allen February 22, 2014 at 3:59 am Reply

    My brother in law inherited a relative’s home in September. He did not pay the property tax for 2007. I told him that the house will be taken away if he doesn’t pay. Does anyone know how long it will take for the government to take this house?
    He only owes $445

  55. Jerrod February 22, 2014 at 3:59 am Reply

    How much does the property tax help in the amount of tax return?
    I noticed not a big difference before and owning owning my house.
    sorry a typo there.

  56. Rhett February 22, 2014 at 4:11 am Reply

    On your property taxes- what is a “Non-AD Valorem” charge? And what is an “Ad Valorem” charge.

    I noticed that I was charged an extra three hundred dollars under “Non Ad Valorem” charge for my property taxes.

    Also-what criteria do they use to determine how much of an increase is used for your taxes? I purchased my home earlier this year. I noticed a dramatic increase from what the previous owner payed and what I am going to pay. Does homeowner that bought a house in the same neighborhood a year or two before I did (when house prices were lower) pay less property taxes than I do?

    Any input would be greatly appreciated.

  57. Lynnette February 22, 2014 at 5:10 am Reply

    Why and how often is property tax levied?

    What are the goods its collected on?

    Is it collected by individual states? If we move to a different state is it collected as per state rules?

  58. Viki February 22, 2014 at 5:10 am Reply

    Hi, my grandparents have Dual Citizenship and they are planning on retiring in the USA. Particularly Atlanta. They were looking at this home http://www.atlantapros.com/Nav.aspx/Page=/PageManager/Default.aspx/P=2150865
    but then they seen that the property tax is $40k+ per year they started to rethink. Their pension will be only about €65k pension per year so that wont really work out. What happens if you cant afford the property tax every year? Will the house be taken from them
    They can afford the house by selling their current house. But they had a problem and lost most of their pention. She they will be paying off the house
    And the link that I gave to the house isnt working

  59. Tracey February 22, 2014 at 6:29 am Reply

    My bank is currently paying my property taxes. Is this a good idea or is it best to pay it on my own???

  60. Fermin February 22, 2014 at 6:29 am Reply

    We have bought a home within the past two years, and pay about two thousand a year in property taxes on it., most of the money goes to school funding, I would like to know if we can claim those assesed taxes on our federal income tax. I have posted this question once before and recieved four answers, two of them stated definately we could and the other two said, no, we could not. Please respond only if you know for sure, Very very much appreciated.

  61. Clyde February 22, 2014 at 7:43 am Reply

    how are property taxes assessed and collected?

  62. Mollie February 22, 2014 at 7:59 am Reply

    i hate paying my property tax is there anyways around. im in arizona. owed my house over 28 years

  63. Albert February 22, 2014 at 8:45 am Reply

    We just bought a house on the 8th of last month and we got a letter in the mail about delinquent property taxes? What does this mean?

  64. Irwin March 7, 2014 at 11:00 am Reply

    I know there are 2 types of property tax, real and tangible, but If ive made home improvements such as roofing, flooring and driveway. Im wondering if that can be written off?

  65. Lavern March 9, 2014 at 7:32 pm Reply

    I am on disability and looking to buy a house for $20 000 and the listing says property tax $2 000. can someone tell me what it means? I am hoping this is just a one time thing…. as I never imagined there would be a yearly RENT for the house you OWN. I mean the whole point of BUYING a house is so there wouldn’t be ANY rent. I don’t have a job and rather whatever left I have go to food rather than into thin air. This is OUTRAGEOUS. Well the houses im interested in are in little towns and these are old, crappy houses. does it really matter if you pay a $2000 rent a year for no reason on the house you already bought and own????????????!!!!!!!! Does it really matter? What if I blaintly refuse to pay!
    its not typo its true, the house is listed as $16 900 and states property tax is $1800. this is rediculously expensive and i dont know why becuz its just a small house in a remote tiny town. and from the same realestate company website they have a bigger property for $19 900 that is $990 property tax. i dont know what is going on here. from what u people r saying the more logial tax of the first place should be a mere $200/year. right???? i live in ontario. help me with this

  66. Faustino March 9, 2014 at 7:32 pm Reply

    I work in NYC and live in New Jersey. If I buy a house, I would have to pay property tax to NJ? However, I only file income tax to state of NY. Could I still deduct my property tax while filing income tax? How about morgage interests?

    Thanks,

  67. Mack March 9, 2014 at 7:32 pm Reply

    Hi,
    Our current 1,300sq.ft home is getting a bit too small for us, especially with in-home business. We were considering adding a second story here (we have a ranch) but our finishes are rather on high end, the house is old (1960, worth now only $200-240K) and the current design it would mean taking most of the house apart since in most of the house we have no attic (ceilings are right under the roof). It seems our only option is to buy the cheapest house on the block in close neighborhood $90K (same size as ours) and add second story to it and finish it all the way we want. Here are my questions that I hope someone can help me with:
    1. Potential house property tax is about $5K now, if I add second story to the whole house, will the new tax be $10K?
    2. Potential house does not have a basement, which I’m considering adding (I know, I’d have to take it ALL down) but I was told that if you don’t disturb foundation, any remodeling, even extensive ones, will not change the property status to Brand New House which would get much higher property taxes. Is that true? Basement would seem like a good choice since you don’t pay extra in property tax. Unfinished basements are not considered livable areas, correct?
    3. Assuming that to find out if foundation can support 2nd level structural engineer would be needed, When that passes next would be an architect?
    4. Do I need a general contractor for this? My brother and I are pretty handy with finish carpentry, siding, windows,drywall and tiling, but not rough carpentry, roofing, plumbing, and electrical, but we know people that can do it.
    5. For legal issues, can anyone recommend website with good contacts so that some unpaid worker or store does not place a lien on my house.
    Thank for all your help.

  68. Dominica March 9, 2014 at 7:33 pm Reply

    Thinking about moving to Charlotte…..what are the Real estate property taxes like up there because I’ve noticed the house prices are pretty decent?

  69. Rodrick March 11, 2014 at 3:53 am Reply

    We are a gay couple in Texas and since texas dont recognize gay morals. How would we file for property taxes on a new home for 2007?

  70. Rosario March 11, 2014 at 3:53 am Reply

    The purchase price for the condo I’m buying is 25% less than the “assessed value” with the county. Will my assessed value for property taxes be reduced when the property transfers or can I appeal my assessed value based on my purchase price? The property taxes are relatively high right now, especially since the seller did not occupy the property.
    The current assessed value is slightly higher than the sales price for when the developer sold the rehabbed units in 2004. The reason the taxes are higher due to the current owner (seller) not occupying the unit is because, in my area, if you live in the property you qualify for some sort of tax benefit lowering the property taxes (you must reapply each year).

  71. Beau March 11, 2014 at 3:53 am Reply

    I am interested in purchasing a property in Miami south beach at a foreclosure or bank owned price (significant lower than market value). Will the property tax based on sale price or market value? I got conflict info on this. Anyone can explain it to me? Thank you.

  72. Giuseppe March 15, 2014 at 4:53 am Reply

    Do the disabled get a break on their property taxes in the state of California

  73. Mari April 2, 2014 at 6:48 am Reply

    Im confused. I am not 18 yet and I don’t know much about taxes. But if you buy a home and it is fully payed for ( just say it is ), I know property tax rates vary based on location but every year will you pay in property taxes like less than 1% of the house value or like 4-7% of the house value? I know it varies but which is closer? Ive looked around online and found things that lead to think either of these. Also, whats property tax on cars? Does every place require tax payed on cars? Do you pay property taxes on everything you own?

    One more question, say you are retired and own a home fully payed for. What are all the types of taxes you will need to have saved up money for other that the cost of food ect.

    Thanks, and I’m speaking about USA.

  74. Man April 3, 2014 at 12:43 am Reply

    I plan to buy a home soon, but am utterly confused as to why you have to pay property tax but then get deductions on your taxes for owning a house. I realize that every state and person is different, but generally do the two even eachother out?

    If I was to get taxed about 30% of my paycheck (because I have no dependents and no other write offs) and I was to buy a $400,000 house, could I expect that I would end up ahead on my taxes?
    Oh, this is in California by the way.
    Like I said, I’m assuming my taxes are usually 30% of my income. The home is in California. And the interest rate of the 400,000$ home is about 5.25%.

    Is there an easy way to calculate all that?

  75. Cristobal April 3, 2014 at 5:05 pm Reply

    We planning to buy a house around $240,000 in Houston, but I heard that the property tax it pretty high. So I’m wondering how high was it?

    Can you convert from the percentage to real money. Like a $240,000 house = $$$$$ property tax….?

  76. Shannan May 8, 2014 at 2:57 pm Reply

    hi I live in california and i’m interested in doing a secondary exchange program in sweden next year. my best friend lives in Sweden and i was wondering in order to become an exchange student you need to pay the property taxes for the schooling. does anyone know how much that is?! thank you sooo much!!! xxxx

  77. Nieves May 8, 2014 at 7:21 pm Reply

    Are property taxes more for a newly constructed homes ?(built in 2004-2008)
    The home I am looking to buy is now listed as 225K with property tax 5k. (built in 2007)

    If I buy i will be second owner now, will I have to pay 5k every year for that home ?
    are property taxes determined by the value of my home ?

  78. Nieves May 14, 2014 at 3:15 am Reply

    What would be the average yearly property tax on a 1,004 sq. ft. home on 0.45 acres in Newport Beach, California?

  79. Janean May 23, 2014 at 11:06 am Reply

    My parents are thinking of buying a place for me and my sister in Vancouver, BC. My sis and I both live in Vancouver but my parents live outside of Canada and are not Canadian Citizens or PR. My parents want to put my sis’ and my name as the owner of that place, but we don’t know if it will cause us pay more tax when we buy our own place as on paper, it will become our second home purchase. Let’s say if one day I move out, and my sis is still living there, will i be paying more property tax becasue it’s now become an “investment” for me? How do we file taxes? Are there different tax tiers for primary and secondary homes? What type of complications can you think of if one of us move out and get our own place? Would it make more sense if we just simply put my parents name on it since they are foreigner?
    Hi bw022,

    I am not sure how to reply to your message so I will write here.

    Will the property tax be higher if it’s not the primary residence? I’ve never purchased a home before, so how will it affect me when I get my own place? Will there be any extra taxes that I need to pay?

    Thanks!
    If one day I move out, but my sis is still living there, whom will be billed for the property tax?

  80. Johnnie May 31, 2014 at 10:59 pm Reply

    If I file an appeal for property tax on my home based on repairs needed and list bad things about the home, can this then be disclosed to a potential home buyer down the road?

  81. Crysta June 3, 2014 at 2:24 pm Reply

    If my husband’s aunt left us a million dollar home(It’s about 20 rooms and it has two jacuzzis and one pool) ,and we collectively make about 350,000 annually(we are both child psychiatrists),will we be able to afford this house?
    How much will we have to pay in property taxes?
    We live in West Virginia.

  82. Laurence June 5, 2014 at 1:51 pm Reply

    If I buy a house or condo, what would I pay in property taxes?

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