Verified answer

Property taxes are from the start of a new home. As the home keeps getting resold the new property tax would be for the amount that you had paid for the home. So in other words. No it is not more on a new constructed home. It is based on the sale of each home. A home that was just built sold for $100,000. and with a tax base of 1% would be $1,000.00 per year in property taxes. Lets say a home in another area was selling at $200,000.00 Then the property tax would be $2,000. per year and so on.

while these other people are right, the tax rate tends to be higher for newer homes because new homes are in undevolped areas. counties and cities need to put schools, water lines, all types of things into the new area as well, so charging the newer homes a higher tax is how they get the money needed to do those things. so make sure to look at the tax rate when buying a new home. some areas might be 1% while newer areas tend to be 1.75 - 2%.

the valuables bill for 2006 is the accountability of the entity that owned the valuables in 2006. consequently, the builder. even with the shown fact that...it is no longer sensible for the county to deliver a tax bill to a prior proprietor, so right this is the way it many times works: on the contract fact arranged once you obtain the abode, you're able to have recieved a prorated credit for the coming near tax bill...you're credited lower back the quantity of funds equivalent to the corporate's share of the 2006 taxes. this way you pays the bill whilst it comes out with the money you stored on the acquisition. I could point out that it is actual in Ohio, and that i'm no longer acquainted with each and all of the states' regulations on the placement.

Depends on where you live - taxes are usually based on the value of your home, not the age.

in some cases yes, because, for the dumbest reason on earth,

RE taxes assessments are based on yr old data. [they have

no motivation to do things smoothly and fast.]

in some cases, taxes are 100% higher than they should be. and

need to be appealed.