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WHAT DOES THE TAX ASSESSMENT MEAN

I am looking at foreclosed home here on zillow and it has a price history which i get but then there is a place right underneath says tax history.  year 2009 %change 4.3 tax assessment 27,335 what is that is that back taxes they owe.  
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September 22 2010 - Canton
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Best Answer
I believe you are looking at "Tax History".  It shows the year (tax year), taxes paid, % change, tax assessment, % change. 

The tax assessment is the value of the home used in calculation with the tax rate.  The result of that calcluation is the amount of taxes.

The percentage of change is the difference between current and prior year tax bill and the difference between current and prior year tax assessed value of the property.

Hope this helps.
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September 22 2010
If you want detailed tax information go to the county auditors web site and search for the property you are looking at. If it is in Canton go here.
Stark County Auditor

If it is another Ohio County here is a list of the the other auditor's sites.
Ohio Auditor websites

Hope this helps
Paul
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September 23 2010

Your taxes may be lower on this property as taxes are based in general on the sale price of the house (in CA) also there may be other taxes such as Mellow rues or bonds that are not based on the sale price of the home.

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September 22 2010
 
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