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are taxes on corner lots higher than regular lots also do houses on corner lots cost more

  • September 18 2013 - US
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Answers (5)

With townhouses or rowhouse a corner has has a lot more windows and it will cost more to build and should be valued a bit more. Buyers tend to prefer end units so they tend to sell a bit higher. Appraisers normally give a bit more, too.
  • September 18 2013
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Like others have said, the taxes will be based on the assessed or purchase value.

Corner lots don't necessarily cost more but it depends on how the lot is laid out.  Often the lot is larger but because of fence setbacks (usually set by the city) you could end up with a smaller yard since you'll have setbacks on two sides of your lot.  
  • September 18 2013
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Profile picture for wetdawgs
The direct answer is "no".    Are you thinking that it might be because it has more sidewalk and street?  

  • September 18 2013
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Property tax is based on assessment value. Assessment value include land value and building value.If the corner lot has more land than middle of block, it most likely to have  more value. if the building is out of sharp, the building will has less assessed value.  The property tax is based on the combination of both.

  • September 18 2013
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Profile picture for Outer Banks N C
Since you did not mention an area I will answer with basic info. Taxes are set for property based on the assessed value. A tax rate per $100 dollar value is pretty common. In other words if your home is assessed at $200,000 and the local tax rate is $1 per $100 of value that house would pay $2000 dollars in taxes a year. So it depends what the assessed value is more than where it is. If corner lots increase the assessed values where you are, then it will pay more. In my area corner lots are not assessed anything special, that might be different where you are.

tim
  • September 18 2013
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