FAQ

Yes, when a listing Realtor quotes you the current taxes on a home, be aware that tax amount due annually will increase when you buy the home and although the tax amount is based on a new city-determined fiscal valuation, that number is still exponentially less than the real market value (the same as having a low mil levy). A general rule of thumb for calculating your new annual property tax will be roughly $250 USD per every $100,000 USD of home value (i.e., the price you paid).