Profile picture for sheila358

REAL ESTATE TAXES

How does Zillow calculated the tax portion of the monthly payment estimate?

  • August 24 2011 - Lake Mohegan
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Answers (3)

Profile picture for sheila358
I thought that it would be easy too but, looking at several houses with taxes of $9,000-$15,000, Zillow usually has a  monthly payment estimate listing the real estate tax portion as $450-$650 a month not the $750 - $1,250 I would expect.   One house in particular had annual real estate taxes of $11,091 and a month estimate of $453.

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  • August 29 2011
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Zillow receives the tax rate for a particular property from your public records. Based on that rate zillow then divides it by 12 (12 months in a year).
  • August 28 2011
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Profile picture for Christopher Burdzy
That seems easy to do. Property taxes are usually in public domain. Annual tax divided by 12 months will give you the monthly portion of it.
  • August 28 2011
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