The amounts vary by state and even counties within states, but in my state and county, it's simple for residences. Assessor comes by and decides your house and land are worth x. Then the tax is applied to x. Here they charge the tax on 1/3 of x. If you're lucky, you get lazy assessors who don't come around much and don't update the value of your property. So your house, as determined by them, is worth $180,000. They charge around .03% on $60,000 or $2000/yr. This is very low compared to places like CA or NY. It's your land, your property, you may even have paid it off. For the 2K/yr you're supposed to get good schools, roads, infrastructure. It doesn't happen in my state. Last in education, 6th in overdose deaths.
The amounts vary by state and even counties within states, but in my state and county, it's simple for residences. Assessor comes by and decides your house and land are worth x. Then the tax is applied to x. Here they charge the tax on 1/3 of x. If you're lucky, you get lazy assessors who don't come around much and don't update the value of your property. So your house, as determined by them, is worth $180,000. They charge around .03% on $60,000 or $2000/yr. This is very low compared to places like CA or NY. It's your land, your property, you may even have paid it off. For the 2K/yr you're supposed to get good schools, roads, infrastructure. It doesn't happen in my state. Last in education, 6th in overdose deaths.