Don't Understand Property Taxes.

Chadstroma
Contributions:2

I am not understanding the property taxes showing for two properties.

Property A shows a tax assessment of $52,352 with property taxes at $10,035 for 2009. Built in 2005.
Property B shows a tax assessment of $106,639 with property taxes at $7,936 for 2010 (almost identical or 2010). Built in 1999.

Now, on Zillow under the monthly calculator, it is showing while A is at $287 and B is showing at $414 a month.

Why would the monthly be lower for the property that is showing a higher tax bill? How accurate is Zillow on this? Why do the monthly numbers not come close to the property taxes shown on Zillow?

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January 17 - US

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Answers (5)

Cheryl Talbot Real Estate, "Virginia Beach Homes"
- 4.2/5.0
- (5 reviews)
Contributions:674

I would contact your local tax assessors office to determine how they are basing their assessment. If you feel it's off and you are paying a higher figure than what the market supports, you can ask for an adjustments. They base it on the market to some degree but keep in mind the cities are needing all the tax dollars they can get so you'll have to fight them to get in adjusted. Try it though. I know owners who have fought the amount and at paying lower taxes. Thanks

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February 04

sunnyview
Contributions:25127

Most agents are happy to help, but many municipalities also have assessment information/statements online that you can look at with the owner name removed. They often have the previous years assessment amounts too so you can see if taxes rising, falling or flat for an area.

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February 04

Bob Miller, "Bob_Miller"
- 5.0/5.0
- (12 reviews)
Contributions:66

The bottom line is, if you want accurate tax information you should ask your Realtor for a copy of the homeowners tax bill. He or she can provide you with authoritative information.