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Page 15 of 34 |
What taxes am I subject to on my home? |
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| Property owners are subject to local property tax. These taxes are typically collected by County Tax Assessors. The payment of property tax is sometimes added to a home mortgage payment (in escrow by the company serving the mortgage for payment to the local tax collector). The usual method for determining the amount of taxes to be paid is based upon the assessed value of the property and improvements found on the property - if you feel the assessed value is too high you have the right to appeal, using actual sales of comparable property in your local area as evidence of the accurate value of your property. |
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