Finding Property Tax Rates

Cities and counties in every state have different real estate tax rates. When a new purchase is made the current tax rate for the property will be shown on the mortgage documents. When a real estate purchase is being considered in an area the potential buyer is not familiar with the local government website for that area has the tax rate information. and other information that is important to potential new residents. Buying a home in a community that has a lower tax rate is ideal but the amount of the tax will depend on the price of the home.

Visit the website for the city or county the property is located in. Look for a link to information for new residents or a link for tax rates and consumer information.

Call any local realtor or real estate agent and ask what the rates are for a particular area. This will also give them an opportunity to suggest properties you may be interested in.

Visit the Commissioner of Revenues office for the area and get the tax information. There may also be a real estate, personal property or treasurer’s office from whom you can get the tax rate information.Many county and city offices will print a copy of the lot and home documents . These documents will show the amount of the taxes per year.

Calculate the tax rate once you know what it is. The rate is usually given as a certain dollar amount per one hundred or thousands of dollars. If the tax rate is $2.40 per $100, and the property is valued at $160,000, then $160,000 divided by 100 is 1600 and 1600 multiplied by $2.40 equals $3840 tax for the year.