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Updated over 2 years ago,
How to figure out exact Property Tax on property for sale
I am having a tough time figuring what the property tax amount will be on a new home purchase i am thinking about making. Generally I look up what the owner paid in taxes the previous year, and then divide that by the assessed value and boom that’s the percentage rate on that property.
Now I am looking into 2 properties in the same neighborhood and the taxes paid the previous years are outrageously high. One around 3% and the other 4% nearly. That just doesn’t seem correct. I understand that there could be Liens placed on the property, but I’m not sure it’s the case here.
I was just wondering if anyone had a website or number/ place to look up to get more accurate information? As it would kill the deal if numbers are too high.
Thank you!