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Updated over 8 years ago,
Property taxes
Good evening BP. I have a question about property taxes. To my knowledge I thought the amount of property taxes paid each year was based on the value of the property itself, and maybe a few other factors but mainly property value. I saw a house recently listed for 840,000 and the property taxes are only 4,477. Another property with a value of 360,000 has property taxes of 5,500 a year. These properties are in two different counties. Is the local government ripping someone off or am I missing something.
Thanks in advance for any attempt to make me smarter. LOL
Dave