In a number of states, your assessed worth is equal to the current market price of your home. The assessor determines this by comparing current gross sales of properties just like yours. In different states, your assessed value is 1000’s lower than the market value. Almost each county government explains how property taxes work inside its boundaries, and yow will discover more data both in particular person or via your local government’s web site. Our research goals to search out the places in the United States where persons are getting probably the most for his or her property tax dollars.
For the latter group, this means funding all county companies by way of property taxes. In some areas of the nation, your annual property tax invoice may be less than one month’s mortgage cost. In other locations, it can be as high as three to four occasions your monthly mortgage … Read More