Property Taxes Assesments
I'm closing on a new build home this week. The mill rate for my municipality is 1.012865%, bought the house for $569,900, so doing the math by multiplying the two numbers is equal to $5,763 tax for the year. If someone bought the house at phase one and house was bought for $369,900, will they be paying less tax for the same house? I'm wondering how often homes get reassessed? Or is it simply based of purchase price?
Last edited by reggyDeal on Dec 18th, 2017 12:29 pm, edited 1 time in total.